tcs and tds

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RAKESH kumar (Querist)
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06 November 2009 we have not deposited tcs and tds from apr to aug.u/s section 194c and 206c.
and return not e-filed?

what would we do?

plz reply......../

hank you sir

whether tds u/s 194c on shipping freight applicable?

tds on individual transpoter is 1% befor 01/10/09.or 2%?

can we calculate tds qtr wise insted of month wise being tds not deposit in govt account.i.e july to sep 09.

whether we have to 1st qtr return submit or not because no payment credit u/s 194c.

plz............reply

sir.

chetan soni

chetan soni (Expert)
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06 November 2009 Firstly deduct the TDS & TCS from parties payment & make the payment to govt account. Delay in filling tds & TCS return can be condone. But non deduction of TCS & TDS will amount to disallowance of expenses & addition of sales to income.

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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06 November 2009 Agree with Chetan.

Deposit the TDS/TCS first and file the return now.

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RAKESH kumar

RAKESH kumar (Querist)
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06 November 2009 thank you sir

whether tds u/s 194c on shipping freight applicable?

tds on individual transpoter is 1% befor 01/10/09.or 2%?

can we calculate tds qtr wise insted of month wise being tds not deposit in govt account.i.e july to sep 09.

whether we have to 1st qtr return submit or not because no payment credit u/s 194c.

plz............reply

sir.