26 November 2019
We were suppose to deduct TDS on Brokerage on 30.04.2019 on 50000.00 which we missed and is deducted on 24.11.2019 @5% 2500.00 and has paid also on the same day 24.11.2019 along-with 1% interest for 8 months from April to November 2019 for late deduction (2500+(2500*1%*8))=2700.00. In the TDS Challan the Tax shown 2500 & interest shown 200. In 3rd Qly return we think this could be shown like below: Date of Payment/Credited=30.04.2019 Date of TDS Deduction = 24.11.2019 Date of Tax Deposit =24.11.2019 Amount of Tax=2500
We want to know whether it would be correct exercise or we still making mistake. Please suggest.
CAclubindia
