Hi to Everybody,
Pls do clarify me the following,
1) Can a TDS Payment made for Assessment Year 13-14, used for Assessment Year 12-13
2) My C&F Agent raised a Contract Bill on 29-03-12 and sent to be me.But i received the bill on 02-04-12 only.I have transacted this Bill in on Apr'12 and accordingly made deduction and made TDS Payment.when consulted with my CA. I came to know that it should transacted on Bill Date only not on Date Received by you.
please any one us help me to get a answer.
Thanks/Regards,
Kathirvel.E
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Tds payment
Replies (2)
Your consultant is absolutely correct.
You are supposed to enter the transaction as per bill date and required to deduct tax for A.Y. 2012-13 and not A.Y. 2013-14 along with applicable interest if u have deposited taxes after 30th April 2012.
If u have already deposited taxes mentioning A.Y. 2013-14 then there is nothing to panic.
U just write a letter to TDS department and request them to change the A.Y. from 2013-14 to 2012-13.
This will surely work
Regards
C& F Agent service date is important and not the bill date.If the service belong to A.Y 12-13. then booked the transaction and deducted the TDS in that period.
If u have already deposited taxes mentioning A.Y. 2013-14 then write a letter to TDS department and request them to change the A.Y. from 2013-14 to 2012-13. After the request is approved revised the TDS return.
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