18 October 2011
We Credited some amount and TDS is also deducted from that amount. TDS is paid within the time limit. But the Credited amount not yet paid. If is there any rule that once the TDS deducted from certain amount, that amount should be paid within 6 months or so? Example: Rent Rs.3,00,000/- TDS is Rs.30,000/- TDS of Rs.30,000/- deposited but the payment of Rs.2,70,000/-(3,00,000-30,000) not yet made.
CAclubindia
