23 September 2010
Hello all. Here i am confused to finalize one unit's account. Last year my client had made a mistake in payment of civil contract without deducting T.D.S and for that i want to know that; can i pay that T.D.S amount in this year??? Please guide me....
24 September 2010
Yes you can deduct and deposit the tax now with interest. the rate of interest is 1% ( date of deduction to actual date of deduction) and 1.5% ( date of deduction to date of deposit).
Plz deposit the tax before 30.09.10, so that amount will be allowed in previous year itself.
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