URGENT - Last date for depositing & filling TDS return for FY 09-10

TDS 4155 views 7 replies

Dear Sir,

We are a Partnership firm established on 1/05/2009. the annual turnover for FY 09-10 is Rs.17,00,000/- approximately. Please let us know what is the last date to submit the TDS (if applicable) and file the return. We have paid commision and Interest. We have not deposited any TDS amount till date. Just we have taken a TIN number this year. So what to do now.

 

Somebody told that as firm is not in audit, deducting TDS is not required.

Some say it is mandatory for firm, but you can deposit that amount with your ITR, just you will be charged some interest on TDS amount.

Please clarify immediately.

Replies (7)

 

 

 

Dear friend,

Let it be clear following things :

Did you deduct tax at source (TDS) on payment of Commission and / or interest?

“We have not deposited any TDS amount till date.” From this statement, do we assume that you had deducted tax at source, but not deposited.   In such a case, better consult nearby Professional and have his guidance in depositing the said deducted tax along with Interest and also prepare the returns to be submitted, without any delay.    

 

Can you suggest few professional who charge reasonable amount of fees for filing tax returns and TDS returns.

Dear Friend,

TDS has to be deducted and to be remitted asap with interest. If you have not deducted then you have to pay from your own pocket. No Form 16A has to be issued if the tds is borne by you. TDS return has to be filed before 15th June for 2009-2010.

U HAVE TO DEDUCT TDS FROM THE PAYMENTS MADE OF INTEREST/COMMISSION AND DEPOSIT WITHIN 7 DAYS FROM THE CLOSE OF THE MONTH IN WHICH INTEREST/COMMISSION PAID/CREDITED. IF IT IS NOT PAID BUT CREDITED ON THE LAST DAY OF THE ACCOUNTING YEAR  i.e. 31-03-2010, TDS IS TO BE PAID WITHIN TWO MONTHS FROM CLOSE OF THE ACCOUNTING YEAR i.e. 31-05-2010. IF U HAVE NOT PAID TDS ACCORDINGLY, PAY IT IMMEDIETLY WITH INTEREST N FILE TDS RETURN BEFORE 15-06-2010. FURTHERMORE TDS CAN BE PAID UPTO THE DUE DATE OF FILLING  OF INCOMETAX RETUNN  WITH INTEREST TO AVOID DISALLOWANCE OF EXPENDITURE INCURRED ON WHICH TDS IS PAYABLE.

Hi Kapish,


Could you please provide some more details such as the date of payment of commission along with the amount. Besides this you have mentioned that you have taken the TIN No. but for deducting and paying TDS you have to urgently apply for TAN Number.

 

sir, pls clarify ur query is this intt or commisson of what nature only after i can comment

Pls confirm me TDS rate u/s 194A - 'Interest other than interest on securities' for FY 2009-10 for Ind/HUF and for Companies (upto 30/09 and aft 01/10)


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