06 November 2018
one co-op.society has neither deducted nor deposited tds on labour TAR n ITR are uploaded, during current year tds with interest will be paid. what other financial and accounting consequences may follow
07 November 2018
If TDS returns were filed during the previous year, the returns are required to be revised. The amount of expenses which have been disallowed for non-deduction and payment of TDS shall be allowed in following assessment year on payment of TDS. The deduction is now to be debited to respective contractor and be recovered. Interest paid is not recoverable and to be born by the Society
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