TDS

This query is : Resolved

Shankar Rao (Querist)
Follow

25 January 2010 Dear all

I have 2 Questions regarding TDS returns

1) I have paid Rent of Rs. 50.000/- Per month to an individual from April-09 to December-09. Up to November -09 I have not made any TDS. During December-09 I have made TDS of Rs.45,000/-(10% on 4,50,000). Whether I have to file a e-TDS return for each Quarter or for Q3 only.

2) I have paid the salary of Rs. 25,000/- Per month from April-09 to December-09 for the December-09 I have made TDS of RS.5,000. During December month. While filing 24Q3 whether I have to furnish the details of salary paid from April-09 to December-09 or for the month from October-09 to December-09 or Whether I need to file 24Q1 & 24Q2 also or 24Q3 is enough.
Kindly let me know.

Yours Faithfully

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

25 January 2010 1.You have to pay interest for the delay payment of interest and file Q3 return only

2.You are not deducted during q1,q2 you can show the q3 only but you need to pay the interest for dealy payment

CA PRIKSHIT GUPTA

CA PRIKSHIT GUPTA (Expert)
Follow

28 January 2010 1. your liability for deduction TDS has arisen, when rent payment cross the limit of Rs. 120000/-. Now you will pay TDS with interest and file Q3 return.
2. for this i am agree with CMA. Ramesh Krishnan

Upgrade to CAclubindia Pro. Subscribe Now!