Tds payment
This query is : Resolved
18 June 2013
Can TDS on expense for AY 2012-13 can be paid by selecting AY 2013-14 while making payment?? We have disallowed the same in AY 2012-13.
18 June 2013
Yes, payee will be able to get credit in AY 13-14
18 June 2013
but it will not be against law as it is expense of 2011-12?? kindly reply thanks
18 June 2013
Definitely, as you will be overriding interest charge in this case.
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18 June 2013
We have not file E-TDS return fot AY 13-14 yet. So while linking transaction with the challan, which date we will put as it exp of 2011-12 (AY 12-13) & we are making payment in AY 2013-14 & selecting the same year while making payment?
18 June 2013
TDS return will not accept any date outside the financial year. It is better to go with AO to rectify challan and then file revised return for AY 12-13
18 June 2013
then how the payee will get the benefit if payment is made in AY 13-14?
18 June 2013
In that case payee will be availing it in AY 12-13 only.
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