Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 May 2013 Dear sir,

My quiery is company is started on 01.05.2011 Rent they paying Rs 10000/- PM. but IT returns are not filled. what are necessary documents are required to get TDS/TAN No and how to calculate TDS From which financial year onwards & how much penality to be paid

Please clarify

Thanks & Regards
Dilip

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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23 June 2013 Please elaborate the query

Querist : Anonymous

Querist : Anonymous (Querist)

29 June 2013 Dear Ramesh,

Company started two years back, till now Company Income Tax and director Income Tax also not filed. and every month office rent is paying 10000/- from 01.05.2011.
Recently company got order for software work.
weather company is decided to apply tax TDS/TAN no. what are necessary document is required to apply for TDS/TAN no weather Rent on TDS company has to file ( their is no change in office rent from 01.05.2011 to till now)if penality is applicable for late remittance
Please clarify.
Regards
Dilip

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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29 June 2013 In related to Income tax return, need to file .so no you can file the income tax return for AY-2012-13 as belated return even nil also need to file for corporate assessee

TDS related, need to check whether all your payment are covered under TDS, as your query you are paying Rs.10000 as rent so it exceeds the tds limit of Rs.1.80 lakhs per annum.,so need to deduct the TDS.

you can apply TAN online through www.tin.nsdl.com, just required ID proof and address proof and PAN cord details