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Online payment of tds?

Kumar Gaurav (Going...to be C.A soon...) (1624 Points)

12 February 2015

Dear Experts

ABC firm get audited his books previous year (13-14) under clause 44AB(d). Now, my query is- Whether ABC firm mandatorily required to deposit TDS online or not?

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5 Replies

CA Raj Doshi (Practising CA) (8735 Points)
Replied 13 February 2015

Tds can be deposited online or through bank. However tds return to be filed electronically only.

J. K. Ratan (Compliance Advisor) (794 Points)
Replied 13 February 2015

Agreed with Doshi. Payment could be made online or manual. No Specific limit of turnover.

Arif Ali (Apt Co Advisory) (1230 Points)
Replied 13 February 2015

TDS should be deposited through online only. the online payment may be by your firm or it may be through bank. Means when you deposit the challan to bank, then bank pay electronically it.

Kumar Gaurav (Going...to be C.A soon...) (1624 Points)
Replied 14 February 2015

@ Mr. Jay R u sure that turnover is totally irrelevant for above case? If yes, then what does it means.......that every person other than corporates but who are required to get his books audited under 44AB, are mandateroily required to deposit tds online after 1.4.2012. Pls. Correct me if this is totally wrong.