Tds

363 views 1 replies

MR A HAVE BUSINESS MR B IS HIS CONTRACTOR 

A PAY TO B AS PER BILL AMOUNT FOR 4 MONTHS FOR FIRST MONTH 20000/- SECOND 15000/- THIRD

20000/- FOURH 25000/-  BUT NOT DEDUCTED THE TDS FROM BILLS 

BUT AFTER 4 MONTH A PAY THE BILLS OF  B AND TDS DEDUCT FOR ALL THE BILLS  

NOW MY QUESTION IS WHILE DEDUCTING TDS A DEDUCTED FOR ALL THE 

AND PAID TDS WITH INTEREST 

MY QUESTION IS IS IT POSSIBLE 

AND WHILE FILLING THE TDS RETURN HW SHOULD A SHOW THE ALL DEDUCTED TDS BILLS FOR EARLIER MONTS 

 

 

 

Replies (1)

Mr A realised in the 4th month that the limit of Rs 75000/- is crossed. So, he is right in deducting TDs on the whole amount of 80000 in 4th month.

While filing return he should show that he deducted late( 1% interest) on 55000/-

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