22 December 2012
I forgot to deduct tds on professional fees of Rs.50000 in July 2012. Now in december it came in my notice and now I want to deposit it with 1% interest from the date it was deductabe and 1.5% to the date actually deposit. But I had filed tds return for the period of July to Sep. now i dont want to revise return. Is there any provision regarding this.
22 December 2012
Hi You can deducted TDS in the month of December itself and deposit the TDS along with the interest on late deduction of TDS. In this case, TDS return for Q2 will not be required to be revised since deduction will be in Q3 only
CAclubindia
