Late Payment Of T.D.S.

Delayed application for TAN may not be excuse for payment of interest. Rate of Interest is same for all persons. !2% p.a. simple interest is payable on amount of tax is not paid to Government Period of Interest From the date on which tax was deductible to the the date on which such tax is actually paid. -- Period for which interest is computed is rounded to whole months. Issuance of TDS Certificate In case of Salary: The employer is required to furnish a TDS Certificate to the employee within a period of one month from the end of the relevant financial year.

Hi, Aryendraji Ok, but in case of T.D.S. certificate to party whose T.D.S. has been deducted on A/c. of interest other than interest on securities then how to issue T.D.S. certificate?. Regards Sanjivkumar Shah

same time limit i.e, one month from the end of the financial year

If more than one certificate is required to be furnished to a payee in relation to a (one ) financial year, certificate may on request from such payee a consolidated certificate may be issued in Form 16 A for tax deducted during the whole financial year. Such certificate is to be issued with in one month from the CLOSE of financial year.

late tds deducted but not payment on bank

Hi,

I deduct tds & paid interest on late payment , can I collect that interest from party.

Please me reply,

Thanku

Hi,

Last financial year, I worked in 2 different companies. So, I will get 2 form-16.

Now, if I combine both the income, most likely I will have to pay some more taxes before filing my return.

My question is :

 1. Can I submit the extra tax into any bank before submitting my return ?

 2. Will there be any interest charged against the amout ? If so how much ?

Regards,

Samir

 

I hv paid TDS of 06-07 in June,07. that means i paid TDS late. So can i claim it for deduction in the year 06-07? or i wil not get dduction for the year 06-07 as i hv paid it in june07, after the last date of May,07.

So can i claim the deduction for the year 06-07?

Hi friends,

plz/ advise on the below mentioned amil.

Hi friends, there is a query of my client. plz. advise on below:- i m being a individual, have done lots of shares related transaction during the year and book gain or loss on that. i m also a partner of many firms. so my question is that my profit/ loss on shares is to be taxed at what % .i.e- 10% or as a normal business at the applicable rate. i have done intra day as well as other transaction. ito says that u have done whole year such transation and earn profit so its to be treated as a business income not capital gain and accordingly to be charged as business income . plz. advise on the issue and give the reference and section also.

No, you cannot collect interest on late payment from the party because it is your fault that you have not deposited the TDS with the authorities in time.

Dear Sir,

we received diffrent TAN no for division first two quarter deposited in one tan no. & second two deposited in another TAN ? Can we issue one TDS Certificate?it is requred both TAN nos in Certificate? plese guide me?

Regards

TDS on salary for 2007-08 is short deducted and short amount deducted  and deposited in jun'08

My query is as under

1. how to issue tds form 16 for 2007-08

2. TDS return is already filed

3. what will be the date of deduction consider in revised tds return.

4.

Dear Sir

I deposited tds on rent for the month of March08 excess.

Same excess tds paid can I adjust for the month of June 08?

Pl advise.