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Depositing of TDS u/s 195

This query is : Resolved 

20 April 2010 Hi everyone
There is very hot in Delhi. Save yourself from this hot summer.
I have a query about depositing of TDS which I have deducted according to u/s 195. What is the time for depositing and what is the procedure of depositing of TDS u/s 195.



Thanks a lot

20 April 2010 7TH OF NEXT MONTH IS DUE DATE.
CHALLAN TO BE USED ITNS 281.

20 April 2010 Thanks a lot Sanjay Ji for your reply.

But this rule is also applicable for TDS u/s 195 ?



20 April 2010 ok sir

Thanks

20 April 2010 WELCOME....

20 April 2010 Sir

If we have not deposited TDS u/s 195 on next month then what is the penalty.

20 April 2010 WHEN HAVE U DEDUCTED TDS?


20 April 2010 in dec. 2009 and i have not deposited yet.

20 April 2010 YOU WILL HAVE TO PAY INTEREST @ 1% PER MONTH.

20 April 2010 ok sir
thanks

20 April 2010 Pay interest @ 5%.


20 April 2010 BUT ADITYA JI THE RATE OF INTEREST IS @ 1% PER MONTH IF I AM NOT WRONG.

20 April 2010 1% p. m. for 5 months = 5%. Interest to be calculated from the month of deduction.

The only reason why i replied to this query was this query was resolved by you. However status shown was open.

20 April 2010 ADITYA JI I THOUGHT THAT THERE MIGHT BE SOME CHANGE REGARDING WHICH I WAS NOT UPDATE. I HAVE NO PROBLEM WITH YOU REPLYING.
PLEASE DONT TAKE IT OTHERWISE.


20 April 2010 No your answer was correct and no changes in the interest rates as of now. They would be changing w. e. f. 01.06.2010. Just was giving the exact interest to be calculated. Nothing Else.

Keep Helping and Keep rocking.

20 April 2010 THANKS ADITYA JI.
BUT INTEREST RATE WILL CHANGE W.E.F. 01.07.2010 OR 01.06.2010 AS MENTIONED BY YOU.

20 April 2010 01.07.2010. Sorry my mistake. Too many mistakes today. I think i should quit as an expert.

20 April 2010 NO ADITYA JI IT HAPPENS I KNOW YOU ARE REVERTING TO MISTAKE IN FORM 16A. BUT YOU HAVE BEEN OF GREAT HELP TO NOT ONLY STUDENTS BUT TO ALL OF US. SO DONT THINK ABOUT QUITTING AT ALL. YOU KNOW WHAT WE HAD DISCUSSED TO MAKE THIS PLATFORM MUCH MORE USEFUL TO STUDENTS AND FINANCE PROFESSIONALS. WE ALL NEED YOUR SUPPORT FOR ACHIEVEMENT OF THAT GOAL. YOU ARE NOE OF OUR TOP EXPERT AND I RESPECT YOU FOR THAT.

20 April 2010 Thanks a lot both of u

Sir I heard some where dat if we r unable to depositing of april 09 to feb. 10 then all expenses will be disallow.
Sir I also heard that Interest rate is going to change from 1% to 1.5%

Is this true ?

Thanks a lot both of you and Mr. Aditya ji
Why are you saying like this to quit as expert ?

You guys are doing great keep on...

Mukesh Kumar
Delhi



20 April 2010 YES RATE IS CHANGING TO 1.5% P.M W.E.F 01.07.2010 AS DISCUSSED ABOVE.
REGARDING DIS-ALLOWANCE IF TDS IS DEDUCTED AND PAID BEFORE DUE DATE OF RETURN THE SAME WILL NOT BE DISALLOWED.

20 April 2010 Thank you sanjayji for your gesture.

Its like you know how a CA office is. Anything can come at anytime. So while replying anything comes in between we do try to reply in haste and in the process the answer sometimes gets wrong though the answer thought at the time of answering though care is taken to post correct reply, sometimes wrong answer also gets posted.

As as everyone on this site knows this a tremendous season of quiting on this site, thought i should also quit following the chain. Though not quitting. Thanks for your gesture once again.

20 April 2010 I KNOW HAPPENS WITH ME TOO.
ADITYA JI I WANTED TO KNOW ONE THING. EARLIER I USED TO FILE MY RETURN FROM BHUBANESWAR WITH PAN BEARING ADDRESS OF BBSR AND IT WARD WAS THERE. NOW I FILED FORM 49A FOR CHANGE IN ADDRESS AND HAVE RECEIVED THE NEW PAN CARD. BUT MY AO WARD IS SHOWING IN BBSR. I WANTED TO KNOW WERE WILL MY CASE BE ASSESSED IF MY FILE COMES UNDER SCRUTINY.


20 April 2010 You should immediately file an application with the your Commissioner of your correct jurisdiction as on date to transfer the file from bhubaneswar to the current place and you may also attach a certified copy of letter received from NSDL for change of address in PAN and request the Commissioner to issue an order u/s 127 of Income Tax Act, 1961 for migration of PAN.

If the above is not done at the earliest then your assessment might still be done at the old place only as one of my client though now registered in Delhi however assessment was done in Mumbai, being the old registered office and transfer of papers application was not made.

20 April 2010 THANKS FOR YOUR SUGGESTION.
IS THERE ANY PARTICULAR FORM FOR THIS APPLICATION OR JUST A LETTER.

20 April 2010 Like a general letter. No form as such for this.

20 April 2010 CAN YOU PLEASE PROVIDE ME A FORMAT OF THE LETTER. MY E-MAIL ID IS:---
sanjay_5649@yahoo.co.in

20 April 2010 mail sent

20 April 2010 Thanks. I also wanted to inform you that my file has never been selected for assessment and my returns were nil return.
So even in that case this process is require?

Sorry for causing any inconvenience during your busy schedule.
Regards


20 April 2010 Yes you will have to go through the process to transfer your file as ur file is till with bhubhaneswar only and need to transfer it.

No problem or inconvenience caused.



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