Dear Experts
Please suggest,
We have received a bill from a professional Rs.56180/- and paid Rs.50562/-after deduction of TDS Rs.5618/-in 2013-14. Due to clerical mistake it was enterd in books only Rs.50562/-instead of 56180/-i.e not entered TDS amount in books and same has not deposited. It is overlooked at the time of audit and balance -sheet has been signed.
It has come to our knowledge when party has asking for TDS certificate in November 2014.Now party is asking for paying Rs.5618/-
Please suggest ,what should be the liability and remedy of above issue.
With Regards
shivanand Jha
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Tds u/s 194j
Replies (2)
Deposit the TDS with interest.
Thanks for reply. Please also clear that since this amount of TDS is for 2013-14 and we will deposit in this year.What should be the entry of this and interet applicable from which date?
Regards
shivanand Jha
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