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Tds payment for quarter one time ?

Shaik ( M.com,IC(W)AI - Inter) (723 Points)

09 June 2012

Dear CA club Members,

we used to pay tds on monthly basis, but the last Querter we are not paid yet , 'll it be able to pay querter one single payment ? or do need to pay every month saperately , if i 'll pay querter in single payments ? how should i mention in tds returns of that Querter ? .pls carify my query ASAP

Thanks in Advance ...!!

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2 Replies

Prateek Agarwal (Sr. Executive - Finance & Accounts) (1732 Points)
Replied 09 June 2012

In the TDS returns you have to quote the Challan Number, date of payment, Bank BSR Code alongwith the amount and interest.

You can make payments in a single challan, but to have transparency, you should pay through different challans for each month. Even if you vide a single challan, then no problem with that, but it would be difficult to allocate the amount of interest for each month.