Amount is credited and tds is deducted but payment not made
This query is : Resolved
18 October 2011
We Credited some amount and TDS is also deducted from that amount. TDS is paid within the time limit. But the Credited amount not yet paid. If is there any rule that once the TDS deducted from certain amount, that amount should be paid within 6 months or so? Example:
Rent Rs.3,00,000/- TDS is Rs.30,000/-
TDS of Rs.30,000/- deposited but the payment of Rs.2,70,000/-(3,00,000-30,000) not yet made.
Rent Rs.3,00,000/- TDS is Rs.30,000/-
TDS of Rs.30,000/- deposited but the payment of Rs.2,70,000/-(3,00,000-30,000) not yet made.
18 October 2011
There is no such requirement in the Income Tax Act.
Message likes :
1 times
18 October 2011
sorry, i wrongly interpreted your question,,i agree with siddarth sir
18 October 2011
Vishal you have interpreted the question wrongly.
Udaya is asking about non payment of RENTAL and not non-payment of TDS.
He has mentioned in the question that TDS has been deposited.
The rental has not been paid.
Udaya is asking about non payment of RENTAL and not non-payment of TDS.
He has mentioned in the question that TDS has been deposited.
The rental has not been paid.
20 October 2011
Thanks for the explanation Mr.Siddhartha.....
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?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- 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
- 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
