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TDS registration

TDS 119 views 2 replies

Ramachandran R

126 Points Joined November 2017

Hi,

I've to pay sales commission to a person for Feb, March months which cross the limit & I've to reduce TDS as per rule.

I don't have TAN and have to apply now.

Can I apply for TAN in Apr month(new financial year) & reduce TDS amount for March month & make payments and file TDS return by May end. OR I've to get TAN number in the same financial year itself.

Thanks in advance

Replies (2)

Kapadia Pravin

17264 Points Joined December 2018

You may get TAN first in April and then pay off TDS amount. Not necessarily you have to first obtain TAN.

I agree with Pravin. However, if you don't make remittance of TDS within due date (for Mar due date is 30/04/21), you are required to pay interest at applicable rates from the date of deduction till the date of payment of TDS.