TDS

This query is : Resolved

CA Nitin Kothari (Querist)
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27 July 2010 If suppose i have made provision for expense ( Rent ) on 31st march 2010 but tds deducted in the month of May 10 on receipt of vendor bill and same tds has been paid on 7th June then my query is, will it be allowed in F.Y 09-10 ( A.Y 10-11 ) as challan showed A.Y 11-12

Ram Avtar Singh

Ram Avtar Singh (Expert)
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27 July 2010 provision of 31 march TDs should pay up to filling of TDS return.

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CA Nitin Kothari

CA Nitin Kothari (Querist)
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27 July 2010 There is no need to deduct tds on 31st March 10

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CA Sanat Pyne

CA Sanat Pyne (Expert)
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27 July 2010 yes tds has to be deducted and if your challan is showing a.y 2011-12, write a letter to A.O. FOR rectification of A.Y.

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CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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27 July 2010 Expense (Rent) pertains to FY 09-10, TDS should have been deducted on 31st march itself.

payment on 7th june is with allowed time.

Contact your AO to rectify the error of challan.

CA Nitin Kothari

CA Nitin Kothari (Querist)
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27 July 2010 Actually accountant has paid the amount which includes may's tds also so how it can be rectified