We have paid the 1.75 lac till 31/3/10 as advance payment to Building contractor for building work. His bill was passed now in June the work he have done before march. How much amount can be booked for march without TDS or we have to book his all bill in current F/Y & deduct TDS on full bill.
Menu
TDS
Replies (2)
Rajesh As i Know TDS shoul be deduct on Payment or on booking which is earlier so it seems you are in defaulting by not deducting TDS on 1.75 Lac.
Pls. refer to further views or confirm to your CA
Dear Rajesh,
TDS should have been deducted by March....... as you made payment for it........ TDS would be deducted u/s 194C @ 1% (after 01.10.09) and @ 2% (from 01.04.09 to 30.09.09)...... and also Interest @ 1% would be levied for late payment of TDS.........
Recent Topic
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
Related Topics
CAclubindia
