Regarding TDS

204 views 3 replies

Parth Amin

52 Points Joined April 2018

Sir,I am doing trading business where i have to pay brokrage to the broker,as all the payments to the broker are done at the end of the financial year ,so still i have to file tds return every quarter or is it ok to file it after march
and what are the due dates to follow for the tds related activity as i will do it for first time

Replies (3)

CA Sanjiv Kumar

3430 Points Joined January 2019

dear
you are required return tds file every quarters
but as you says that payment done in last month

then first three quarter return file as nil tds return
and last quater retrun file with tds amount

first three quarter if u not made any payment then no tds liability arise

in last march month tds deposit upto 7th april

rate194H @ 5%

tds return date 31may

v k s supraja

intermediate

216 Points Joined April 2014

Agree with Sanjay...
But you are not required to file nil TDS return for first 3 quarters as no payment is made and TDS deducted.....

Nitesh bind

Student CA Final

12692 Points Joined October 2012

TDS does not depends upon the Payment only rather it depends on the CREDIT or PAYMENT whichever is earlier. So, even if you don't make any payment to your Agents/Brokers but Credit them in the books then YOU HAVE TO DEPOSIT THE TDS and show them in TDS returns.

Section 194H; Rate 5%