TDS


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Querist : Anonymous

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Querist : Anonymous (Querist)
29 April 2011 Dear sir,
we have deducted TDS in the F.Y 2009-2010 but not paid the amount to dept. we want to pay that liability now in the F.Y 2011-2012. in the challan which year to be entered A.Y 2010-2011(P.Y 2009-2010) or can it be entered in challan as relating to A.Y 2011-2012 (p.y 2010-2011) & a certificate issued to deductee likewise? plz advice?


Rgds
ganesh

29 April 2011 Challan should show FY 2009-10 & the payment must accompany interest for the delayed TDS deposit for the complete default period.

CA Punit (Expert)
29 April 2011 right..challan should show payment for A.Y 2010-2011(P.Y 2009-2010)

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 April 2011 Sir,
Thanks for the reply. If i generate a TDS certificate now relating to P.Y 2009-2010 and give it to the deductee, should he claim the TDS amount for the P.Y 2009-2010 by filing revised returns or can he use the certificate so received from us to adjust agaainst his tax liability relating to P.Y 2010-2011? Plz advice

07 May 2011 NO HE CAN FILE REVISED RETURN AND CAN CLAIM THE TDS.


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