15 July 2013
Dear Sir, Bank has deducted short tds on deposits [194A], now bank wants to deduct the remaining short tds ,[on 15/07/2013]i..e by today itself. 1.what time limit available for a bank to deduct the tds for the 1st quarter ? 2.whether such short amount can be adjusted in 2nd quarter?
15 July 2013
1) Bank can deduct this amount today. 2) Bank can remit balance (Short) payment with interest today through online payment mode. And Bank can show it is in 1st quarter.
CAclubindia
