TDS Query

Dear Mr. Jayesh,

As per given situation go for option 2 to avoid Penalty & Revision of Return.

Thanks & Regards

Hitesh

But can we go for option 2, because the date of credit is 31.03.2008 & date of TDS Deduction is 31.12.2008?

Option 2 is not an option at all , TDS to be deducted as on the date of the credit or payment whichever is earlier . Option 1 is the only option , take option 1 .

Pray for penalty if levied . any penalty proceedings are quasi judicial and a show cause has to be issued before levying of penalty .