10 January 2016
TDS was not deducted in Q ii for the deductee as amount credited was below threshold limit. Now, threshold limit for the deductee has crossed in Q iii, I have deducted TDS for both the transaction in Q iii (now). What is the right way of filing for this scenario. Further, is there anyone who has done this kind of filing without any notice/intimation.
10 January 2016
You have not mention nature of transaction for threshold. If threshold limit exceeds in q3. You deduct tds in the month where limit exceeded on the entire amount at the appropriate percentage. But in quarterly Tds return show full amount in the month of TDS deduction (applicability).
CAclubindia
