Tds under section 195
This query is : Open
15 June 2015
We are grossing up and making payment to foreign vendors.
We had reived the notice for short payment of TDS for FY 2010-11.
Now we had paid the short amount and want to revise the return.
need to confirm which date to be mention in cloum "date of deduction" old date or new date.
We had reived the notice for short payment of TDS for FY 2010-11.
Now we had paid the short amount and want to revise the return.
need to confirm which date to be mention in cloum "date of deduction" old date or new date.
15 June 2015
Date of deduction would be old date only. Only the payment is done now. (Even though in your accounts it is entered now was prior period item)
15 June 2015
thanks for your reply.
then we have to pay interest at 1.5% rate.
how can interest 1.5% will applicable..??
In FY 2010-11 we had not deducted not paid.
then we have to pay interest at 1.5% rate.
how can interest 1.5% will applicable..??
In FY 2010-11 we had not deducted not paid.
15 June 2015
We had received demand for short deduction and interest at 1%. we had paid the same and revised the return accordingly.
i had also mentioned old date in revise return.
Then new demand raised by it department for additional interest at rate 0.5%.
i had also mentioned old date in revise return.
Then new demand raised by it department for additional interest at rate 0.5%.
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