Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 February 2017 Sir,

My Comapny Pay Rent of Rs.80,000/- form April 2016 But no TDS amount is collected, Paid and TDS returns are not filed. Also the payment made through cash. I am new employee. I just Joint on this month. So I recognized the mistake. What I do?

Sandeep Sankaran

Sandeep Sankaran (Expert)
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14 February 2017 Deduct the applicable tax from this month's rent and pay it along with interest and late filing fee. Otherwise disallow 30% of rent paid at the time of filing income tax return.