Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 April 2013
Sir
I want know About If TDS Is Not Deducted On Director Remuneration On Monthly Besais But At And of The year Given Only One Cheq. Of Amount Remuneration After deducting Tds When tds IS Not deducted On Monthly Baesis So We Are Liybal to Pay Panlty On Not Deduction Of Tds
I want know About If TDS Is Not Deducted On Director Remuneration On Monthly Besais But At And of The year Given Only One Cheq. Of Amount Remuneration After deducting Tds When tds IS Not deducted On Monthly Baesis So We Are Liybal to Pay Panlty On Not Deduction Of Tds
06 April 2013
TDS is to be deducted at the time of payment or credit whichever is earlier.
If you have credited the director's account on a monthly basis, then you were liable to deduct TDS on a monthly basis. Accordingly, you are liable to pay interest on such amount.
If you have credited the director's account on a monthly basis, then you were liable to deduct TDS on a monthly basis. Accordingly, you are liable to pay interest on such amount.
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