TDS
This query is : Resolved
21 April 2016
Client has deposited Rs. 2.5 lacs being TDS
However, TDS pertaining to payment to director rupees 350000 is not yet deposited. It intends to deposit after 4 -5 month How to show it in TDS return ?
22 April 2016
No amount can be shown till amount has been deposited on account of government.
22 April 2016
That is OK. But client has deducted TDS from payment to Director; due to financial reasons, it require period of 4 - 5 months. That is "Deducted but not deposited".
22 April 2016
Amount deducted but not deposited will levy interest @1.5% per month which should be deposit along with amount of TDS.
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