TDS of March provision

Dear Dipak,

I am not very clear about your querry. R u asking about the provision for TDS amount or the amount paid / credited to deductees. Anyway let us discuss both.

While filing ETDS return, the option for "Whether paid through Book Entry" arises at two places - (1) for the amount paid to deductee on which TDS is made. Select "Y" option here only if payment is by passing JV. If actual payment is made, select "N" option. (2) for the amount of TDS deposited with the government. Normally payment to government is not possible through Book Entry. U have to deposit the TDS amount to the government via bank. Book Entry is only possible in case of Government Establishments. So for this option normally "N" should be selected.

As regards the amount of TDS deducted on 31-03-2011, the same will have to be provided irrespective of the fact that it is to be paid on 30-04-2011 (which was earlier 31-05-2011) So this provision should be made in books on 31-03-2011 as Unpaid TDS.

As regards payment made to deductees, if it is paid through Book Entry, a provision is automatically made. There is no Circular or Notification of the Department on this. This is normal accounting principle.

Hope your querry is resolved.....

You can type "N" as no.