TDS query

You have to deduct the tds and deposit to avoide disallowance and also have to file revised e-TDS. Interest 1% pm

Ask them to deduct TDS in this month and pay with interest @ 1% pm. If return for the 1st quarter is already filed, return need to be revised.

thanks for you response but sir no tds e return is filed till yet bcoz no other tds was deducted in 1st Qtr. 

so how much panelty is levied on delay of original return.......till date

 sir

how to do entry of  commission received Rs.11016

and TDS deducted by company.Rs. 1102

Originally posted by : S Sivasalapathy
	Ask them to deduct TDS in this month and pay with interest @ 1% pm. If return for the 1st quarter is already filed, return need to be revised.

Interest rate for late payment of TDS has been revised......from 01st July'2010, NOW INTEREST IS @ 1.5% per month

& evn if return already filed.......... & if any changes occures in statement.........we must hav to file a REVISED RETURN

If return not filed on time.....panelty for late filing of RETURN is - 100 rs per day from the due date to date of actually filing a return