banner_ad

TAN and TDS deduction on Contrators

TDS 1183 views 7 replies

Dear All;

One of my friend's company incorporated in April 2010, and he applied for TAN in Dec 2010. Company had made numerous payments to contractors (without TDS) till Dec 2010. Will there be any liablitiy for the company to pay TDS for the period April-Dec 2010 with interest.

Thanks in advance.

Replies (7)

Yes the deductor will become responsible for TDS with Interest.

Originally posted by : CS Bijoy

Yes the deductor will become responsible for TDS with Interest.
Originally posted by : CS Bijoy

Yes the deductor will become responsible for TDS with Interest.

agreed, there is no issue...

AGREE WITH ABOVE

yes you have to pay tds amount along with interest ( if you are not deducted tds while making payments to parties, then interest will be for the period starting from date of actual deductible to date of actully deducted) . on the other hand if you deductedtax at source but not deposited in to government accpunt then the interest period will be start with date of deducted to date of daposit in to govt a/c

for companies there is no exemption in TDS deduction, even late application of TAN is not a fair practice.

TDS is to be deposited with interest instantly ( you may recover the same from clients in next deals after furnishing form 16A)

 

agree with all of above


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
29 April 2026
Internal Auditor

SNCO

Mumbai

CA Inter

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
29 April 2026
Associate - Audit, Tax & Compliance

Open Co Consulting LLP

New Delhi

B.Com

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details