payment of TDS

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CA Final
189 Points Posted on 20 January 2011

 

If a bill, due for payment which is liable to TDS, has been credited in books on 10th July whereas the tax has actually been deducted at source on 16th august and correspondingly deposited before 7th September!
 
My query is whether it would be said to be NON COMPLIANCE OF LATE DEDUCTION OF TAX OR NON COMPLIANCE OF LATE PAYMENT OF TDS AS WELL?
 
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On 20 January 2011 at 16:21 Report
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chartered accountant
362 Points Posted on 20 January 2011

tds is payable on credit or payment basis whichever is earlier.it had been credited on 10th july, it was liable to pay on 7th aug but as it was paid on 7th september it is a case of ON COMPLIANCE OF LATE PAYMENT OF TDS

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On 20 January 2011 at 16:35
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CA Final
189 Points Posted on 20 January 2011

it means there are TWO(2)  NON COMPLIANCES ?

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On 20 January 2011 at 16:37
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CA FINAL
30 Points Posted on 20 January 2011

hi

yes

there is both 2 non compliance  u asked.

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On 20 January 2011 at 16:40

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