28 May 2010
i am doing job work for some industry and TDS has been deducted by that industry as per rules.
further i have some rent income from some other industry to whom i have given a shed on rent. As rent paid by them was within the limit of TDs exemption (Rs. 1,20,000/- during the year 2009-10), no tds was deducted by them.
Now for the FY 2009-10 (AY 2010-11) when i am preparing my return by clubing both the incomes, i need to deposit tax as no tax was deducted on rental income.
please tell me till when and how i can deposit this tax to avoid penalty.
28 May 2010
If tax liability is more than Rs.5000, then you have pay interst u/s 234A/B/C. Deposit the tax with interest as self assessment tax in form 280
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