194 A
This query is : Resolved
24 May 2010
Dear sir,
We here with run propriter ship
firm "kanjibhai prabhudas" i have one
query for u.
i have to pay interest Rs 450000/- on my book on 31-03-2010. i would like to know how much tds i have to pay ? one more thing. i have to pay before31-05-2010?
if i pay after that date should my tds
is not valid or i am liable to pay penalty
of Rs 100000/-. pls let me inform at earliest.
thanks.
We here with run propriter ship
firm "kanjibhai prabhudas" i have one
query for u.
i have to pay interest Rs 450000/- on my book on 31-03-2010. i would like to know how much tds i have to pay ? one more thing. i have to pay before31-05-2010?
if i pay after that date should my tds
is not valid or i am liable to pay penalty
of Rs 100000/-. pls let me inform at earliest.
thanks.
24 May 2010
Since you are running a proprietory concern, TDS is applicable if you are covered under tax audit in the last year.
If yes,then you have to deduct tds @ 10% on Rs.450000/-. If your liability is as on 31.03.10, then the due date for TDS payment is 31.05.2010.
Even, you can pay the tds till i.e on or before the due date of filing of IT return. But you have pay interest on delayed payment.
If yes,then you have to deduct tds @ 10% on Rs.450000/-. If your liability is as on 31.03.10, then the due date for TDS payment is 31.05.2010.
Even, you can pay the tds till i.e on or before the due date of filing of IT return. But you have pay interest on delayed payment.
24 May 2010
Penalty can also be imposed for delay in payment of TDS, in addition to interest.
24 May 2010
HAVE NOT SEEN PENALTY BEING IMPOSED FOR DELAYED PAYMENT IF THE PAYMENT IS MADE WITH INTEREST.
24 May 2010
HAVE NOT SEEN PENALTY BEING IMPOSED FOR DELAYED PAYMENT IF THE PAYMENT IS MADE WITH INTEREST.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
