Tds
This query is : Resolved
29 October 2013
i paid Rs.20000 for fees to professional in the month of may and tds return for the first quarter filed, after in month of sept. i again paid Rs.20000 to the same persion after deductind tds on total amount of Rs. 40000 @ 10% i.e. Rs.4000. so on Rs. 2000 paid in may i have to paid interest or not and also revise the tds return of first quarter.
29 October 2013
No, you need not to pay any interest for the May because of TDS deduction liability arises you on September and at that time you have to deduct TDS on whole amount on which is earlier you paid, So you need not to pay any interest as well as need not to revise of May TDS return.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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