Query related to tds

yes it is liable to be disallowed

Dear Sir can you give me reference of any section

refer section 40(a)(ia)

it is section 40a

Yes, it will be disallowed u/s. 40(a)(ia).

Dear Anjali ,

If such default is related to this FY i.e 2012-13 then it will not be disallowed as per amendment made to sec. 40(a)(ia). But for this you have to obtain a CA certificate from deductee that he has considered the such income & paid tax by way of Advance tax or S.A.tax. (Amendment by Finance Act 2012 )

But if it is in respect to earlier years , then it will disallowed if TDS not deducted. But if you will deduct and pay such amount in subsequent year , then such disallowed expense will be allowed in the year of pyament of TDS.

very well explained Varsh*t...Thanks!!

Dear  Seniors,
Hope you are doing good...
Please help me for etds filing in RPU 3.1,
i have fill all details in RPU 3.1, but file not saving in csi formet,
also below error came
i dont know how to rectifiy the error
"T-FV-1041 Import the challan file downloaded from TIN website under Challan Status Inquiry."
also how much penality for late etds filing?
please advice to me how to rectiffy the error
i dont come any errors from RPU previous verson.
Please give your valuable adivce,
i am waiting for ur advice

Dear Manoj ,
From this Quarter they have introduced new RPU 3.1 under this you also have to match your challan file (ie. CSI file ) downloaded from TIN-NSDL. It is mandatory to verify.

Procedure :

1.) Go to TIN website
2.) Click on Challan Status Inquiry
3.) Select TAN Based View
4.) Provide details asked in the window.
5.) At the bottom of the table you will see an option "Download CSI File" - Click on this option.

Your CSI File will be downloaded.

Now open RPU and select type of return.

Now , click on "Create File" in RPU 3.1 after entering all the details. Now in the opened window , you will see three options.

Under option 1 - Select the CSI file
Under option 2 - Select the file you got by email ( Correction wala- if any )
Under option 3 - Select the folder where you want the FVU or the error report.

Follow this step. I m sure your problem will get solved. It will not more than 15 minutes to follow all the steps i have mentioned.

Regards

Varsh*t Shah

 

Dear Sir,

My name is Chandrasekaran from chennai

Very much thanks to Mr. Varsh*t Singh

For helping E-tds return purpose.

Dear Mr.Chandrasekaran

Sir we are here to share and update our knowledge. It feels very nice when suggestions given by me are helpul in solving the problems faced by professional friends. Thnks sir for appreciating my suggestion.

yes it will be disallowed upto assessment year 12-13. But if the default is made in relation to assessment year13-14 , then it will not be disallowed subject to some conditions specified U/S 40(a)(ia).

If TDS is deducted but not deposited before the due date of submission of his return of income, then no relief is given by the act and it will be disallowed. No amendment has been made in this case.