16 February 2010
My one of client constructing the building (fixed assets) on his on plot.He gives the contract of construction to the the company. While paying the advances ( in Fy.08-09) he forgot to deduct TDS. now he wants to deduct (in Fy. 09-10) the tds & wants to revise Income tax return.
can he do so? what is the impact on tax calculation for late deduction & payment of TDS?
CAclubindia
