Menu
Tds not deposited
tds relating to 1st qtr 2015-16 has not been deposited till now, what will be the implications and procedure to deduct tds in the next year i.e. in 2016-17
?
Replies (1)
TDS for first quarter of 2015-16 can be deducted and paid in current year also. Only you have to mention the assessment year in Challan as A.Y.2016-17. Also you have to pay interest @ 1% p.m. from the month you had to deduct the TDS till the month you make the payment of TDS. Also you will have to revise the TDS return for the first quarter so that the deductee gets the TDS credited in his name.
Recent Topics :
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
- Omitted sales shown in GSTR-1 Table 14 but not in
- EWAY BILL TAKE OUT OF OTHER COMPAMY
Related Topics :
CAclubindia
