Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 May 2012
Sir,
a company has deducted TDS on interest paid during the fY 11-12 but not paid the TDS to government. as tds return is filed quaterly
so plzz tell that separate challan for each quarter will be made as for interest calculations?
or TDS including interest for the whole year can be paid in one challan?
a company has deducted TDS on interest paid during the fY 11-12 but not paid the TDS to government. as tds return is filed quaterly
so plzz tell that separate challan for each quarter will be made as for interest calculations?
or TDS including interest for the whole year can be paid in one challan?
13 May 2012
It has been clarified by the department officials that a single challan may be referred in the returns of 2 or more different quarters.
.
As the TDS deducted in a particular quarter has to be reported in the relevant quarter only, in my view, it is better to prepare quarterly challans with respective quarter's late payment interest amount. Reporting will be easier.
.
.
As the TDS deducted in a particular quarter has to be reported in the relevant quarter only, in my view, it is better to prepare quarterly challans with respective quarter's late payment interest amount. Reporting will be easier.
.
Message likes :
1 times
13 May 2012
Pay TDS along with interest for each month separately and file Quarterly Returns. Use differnent challans for each month, Agreed with Mr. Paras
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 May 2012
Thanks Vinita Madam & Paras Sir...
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