Tan

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Meenu Agarwal (Querist)
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02 July 2012 Suppose if a company make payments for professional services before incorporation. Can the company after incorporation deduct tax on the earlier payment( making lesser payment for future bills)after allotment of TAN?

V K Bajaj

V K Bajaj (Expert)
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04 July 2012 In case the financial year has changed between the date of payment and date of incorporation then TDS not applicable.

If not then you should be totally secure and deduct tax.

Mentioning of dates and amounts would have helped to answer effectively.

VK Bajaj
contact@vkbajaj.co.in

Meenu Agarwal

Meenu Agarwal (Querist)
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04 July 2012 The Company incorporated on 19.06.2012 and the payment has been made on 06.06.2012 of Rs. 200000/- without deducting TDS. Can the Company deduct TDS from the future bills.

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V K Bajaj

V K Bajaj (Expert)
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04 July 2012 Yes!

To be more secure and safe deduct on Rs. 200000/- and e-file return.

You paid on 19.6.2012 and this falls under 1st Qtr and the last date of deposit TDS is 7th July and immdtly. thereafter e-file Qtrly Return on Form 26Q

VK Bajaj
contact@vkbajaj.co.in