Menu
Tds return filing
sir/madam
I have made a payment of Rs.10,000 to a contractor on 28/9/15 but forgot to deduct tds on it. So i have deducted tds on 31/3/16 and deposited it within due date i.e by 30/4/2016 with interest on late deduction. but now it is asking me to pay even the interest on late deposit. Am i liable to pay so?
Replies (3)
Yes, you have to pay interest and late filling fee as the payments relates to 2nd quater and last date of payment was 7/10/2015 and last date of filling returns was 15/10/2015
but i have dedcuted TDS on 31/3/2016
Liabality of tds deduction arises from the date of payment or credit which ever is earlier hence u are liable to pay interest and late payment fee from date of payment i.e., 28/09/2015
Recent Threads
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
Related Threads
CAclubindia
