If any person had not deducted TDS(Payment of rent) and if we wont to adjust the same in the books then how should we adjust?
Regads,
Ankit Kumar
4 Replies
venkateswarlu.
(CA Final )
(118 Points)
Replied 26 May 2011
Suppose if it is Vehicle Hire Charges (if it is a Construction Industry) we can adjust the TDS in the next month or Year Hire Chrges of Same Party. If it is Rent it can be Adjusted in the Next month rent. if it is a march Month Rent, we have to t pay the March month Rent By 30 th May (Sec 200 (1)). Otherwise it ls a Violations of IT Act.
CA Ravish Trivedi
(The Possibilities are Infinite...)
(772 Points)
Replied 26 May 2011
Tds can be deducted any time & u need to pay interest for delay in deduction. If u wl deduct after return due date then it wl be allowed in the year of payment.
Sandeep Pandey
(CA FINAL)
(1306 Points)
Replied 26 May 2011
| Originally posted by : Raveesh | ||
 |
Tds can be deducted any time & u need to pay interest for delay in deduction. If u wl deduct after return due date then it wl be allowed in the year of payment. |
 |
Ankit Madhogarhia
(Pursuing Final)
(531 Points)
Replied 27 May 2011
Hi,
Thanks of rthe prompt reply , but the payemnt had made and t is by a/c payee cheque.how should we adjust this without violation of the act
Regards,
Ankit Kumar
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