How to tds - e filing

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 December 2016 Dear Experts.,

How to file TDS e-filing for Rent Paid in a Partnership Firm. Please reply anyone.
Any detailed video sessions, please post here

and

How to Calculate Interest on TDS for late Payment

Thanking You

Mithun Agarwal

Mithun Agarwal (Expert)
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30 December 2016 You will deduct Tds @ 10% of gross rent amount. Interest on Tds @1.50% p.m. but for calculation of Interest you also consider in which month are you deducting tds.

Querist : Anonymous

Querist : Anonymous (Querist)

30 December 2016 Dear SIR.,

A New Partnership Concern have two branches in Two Rental Building. This two building's owners is same persons (Mr.A & Mr.B). 1st building occupied from june-2016 Rental Rs. 20000/2, 2nd building occupied from sepember-2016 Rental Rs.32000/2. We applied TAN 26/10/2016 and we Deducted TDS following...
Mr. A,
Building 1. Rent Rs. 10000/-
1. From Jun-Sep 10% = 4000 (deducted on 15/10/2016)
2. Oct - 2016 10% = 1000 (deducted on 12/11/2016)
3. Nov - 2016 10% = 1000 (deducted on 15/12/2016) Total Rs. 6000

Building 2. Rent Rs. 16000/-
1. Sep - 2016 10% = 1600 (deducted on 15/10/2016)
2. Oct - 2016 10% = 1600 (deducted on 12/11/2016)
3. Nov - 2016 10% = 1600 (deducted on 15/12/2016) Total Rs. 4800

The same is Mr.B...

How to calculate TDS the above detail...? and Which Quarter is applicable TDS return...?

Please reply sir...

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Mithun Agarwal

Mithun Agarwal (Expert)
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30 December 2016 If, you will be TDS deposit any day in January-2017
For Mr. A (only Interest Calculation)
4000*1.5*4/100=240 (for 4 months from oct to jan)
1000*1.5*3/100=45 (for 3 months from nov. to jan)
1000*1.5*2/100=30 (If, you will be Tds deposit before 7th jan-2017 then no need to calculation for Interest only for in December deduction)

For Mr. B (only Interest Calculation)
You will be do same as above and 3rd qtr. is applicable for Tds Return for F.Y. 2016-17

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Querist : Anonymous

Querist : Anonymous (Querist)

30 December 2016 Thank You Sir..,

Advance Happy New Year...