TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 April 2011
Dear sir,
we have deducted TDS in the F.Y 2009-2010 but not paid the amount to dept. we want to pay that liability now in the F.Y 2011-2012. in the challan which year to be entered A.Y 2010-2011(P.Y 2009-2010) or can it be entered in challan as relating to A.Y 2011-2012 (p.y 2010-2011) & a certificate issued to deductee likewise? plz advice?
Rgds
ganesh
we have deducted TDS in the F.Y 2009-2010 but not paid the amount to dept. we want to pay that liability now in the F.Y 2011-2012. in the challan which year to be entered A.Y 2010-2011(P.Y 2009-2010) or can it be entered in challan as relating to A.Y 2011-2012 (p.y 2010-2011) & a certificate issued to deductee likewise? plz advice?
Rgds
ganesh
29 April 2011
Challan should show FY 2009-10 & the payment must accompany interest for the delayed TDS deposit for the complete default period.
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29 April 2011
right..challan should show payment for A.Y 2010-2011(P.Y 2009-2010)
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Querist : Anonymous
Querist :
Anonymous
(Querist)
30 April 2011
Sir,
Thanks for the reply. If i generate a TDS certificate now relating to P.Y 2009-2010 and give it to the deductee, should he claim the TDS amount for the P.Y 2009-2010 by filing revised returns or can he use the certificate so received from us to adjust agaainst his tax liability relating to P.Y 2010-2011? Plz advice
Thanks for the reply. If i generate a TDS certificate now relating to P.Y 2009-2010 and give it to the deductee, should he claim the TDS amount for the P.Y 2009-2010 by filing revised returns or can he use the certificate so received from us to adjust agaainst his tax liability relating to P.Y 2010-2011? Plz advice
07 May 2011
NO HE CAN FILE REVISED RETURN AND CAN CLAIM THE TDS.
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