A Company made payment of Rs.35000/- on dated 08-12-2010-to contractor against their bill dated 15-11-2010 for Rs.35000/- but not deducted any TDS. What to do now?
A Company made payment of Rs.35000/- on dated 08-12-2010-to contractor against their bill dated 15-11-2010 for Rs.35000/- but not deducted any TDS. What to do now?
Deduct from the next payment or if it was only a one time transaction you cant do much. Can try requesting the contractor to return back the TDS amount and remit the same (Which will most certainly not happen)
You have to deposit the TDS within time lime and collect the same from contractor from his future payment
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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