TDS not deducted in pre. year.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2010
Hello all.
Here i am confused to finalize one unit's account. Last year my client had made a mistake in payment of civil contract without deducting T.D.S and for that i want to know that; can i pay that T.D.S amount in this year??? Please guide me....
Rakesh Chauhan
Mukund Patel & CO. CA.
Anand ( Gujarat )rakesh_1020@ymail.com
Here i am confused to finalize one unit's account. Last year my client had made a mistake in payment of civil contract without deducting T.D.S and for that i want to know that; can i pay that T.D.S amount in this year??? Please guide me....
Rakesh Chauhan
Mukund Patel & CO. CA.
Anand ( Gujarat )rakesh_1020@ymail.com
24 September 2010
Yes you can deduct and deposit the tax now with interest. the rate of interest is 1% ( date of deduction to actual date of deduction) and 1.5% ( date of deduction to date of deposit).
Plz deposit the tax before 30.09.10, so that amount will be allowed in previous year itself.
Plz deposit the tax before 30.09.10, so that amount will be allowed in previous year itself.
24 September 2010
agree with the expert.
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