07 October 2016
R/sir I am accountant in a pvt. ltd. company at Kanpur U.P. I did not deducted the tds from payments of Parties for the period of Ist quarter April to June.16, but in july I did due the all tds dues against party transactions for the April to July in one entry and deposited in next month up to 7/08/16,
sir, I want ask u that did I wrong working regarding tds and can I not show the deducted tds in the tds return of IInd quarter
07 October 2016
Yes this is the wrong process. U must deduct TDS as soon as u make payment or post the entry of the transaction in books of accounts. By this way u did not pay the interest on late payment of TDS.
CAclubindia
