Tds returns

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vipul (Querist)
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11 May 2015 If we have paid commission of Rs.5000 to Mr. X on 1st July 2014, tds deducted on 31st March 2015 and TDS deposited on 15th May 2015. Can we file the above entry in 4th Quarter Return or it will be filed in 2nd Quarter Return.

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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11 May 2015 ideally it should be incorporated in Q2 only.

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vipul

vipul (Querist)
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11 May 2015 Sir,
Is it possible to report in Quarter 4 in order to save late filing fee?

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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11 May 2015 it is possible but where tax officer questions it, you wont be able to defend much

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vipul

vipul (Querist)
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11 May 2015 If we report in Quarter 4, tds return will be processed or not?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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11 May 2015 return will be processed...just make sure you mention payment date (date on which payment is made to the deductee) that falls in Q4

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vipul

vipul (Querist)
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11 May 2015 But sir in above case date of payment is of IInd quarter.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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11 May 2015 that is why i said show it in second quarter but you didnt want to do that!!

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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11 May 2015 that is why i said show it in second quarter but you didnt want to do that!!

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Tds returns

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