09 May 2013
1.TDS should not be paid but it has to be deducted from the payment made to deductee (recipient) and it will be remmitted to Govt on behalf of the deductee with in the due date of such payment prescribed as per income tax act. 2. It shall be obliged to deduct by every company and other assessee whom tax audit u/s 44AB is applicable. 3.After remmitting the TDS same has to be remmitted to Govt account under various sections, but those tds shall not be credited respective deductee acount unless quarterly return has been filed bhye deductor. 4.There is no limitation or exemption for such filing. once tds has been deducted the tds retun shall be filed.
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