15 July 2010
Dear Sir If we have deducted TDS from party for I Qtr. for f.y 2010-2011 but tds not depoisted by us till date & neither TDS Return file by us for Ist Qtr f y 2010-2011) can we file return now & deposit of tax. please guide.
15 July 2010
You have to first pay the tax & then only you can file the TDS return. Late payment of TDS will attract penal interest of 1% per month for the defaulted period.
CAclubindia
