R.M.Raja (Audit assistant) (197 Points)
18 January 2011Respected members
I am running an institution and availing professional services for this I deduct tds ,last year I didn’t paid tds for the provision made for the expenses,by now I paid tds on 12/01/2011,but I already issued form 16a to the service renders without including the provision amount . what are the measures I have to take now ? please help me
praveen
(Chartered Accountant)
(6971 Points)
Replied 18 January 2011
anyways you have paid the deducted tax by now...
file the tds returns as soon as possible so that all the people to whom you have deducted tax can claim their credit properly..
you will receive a notice for payment of interest and penalty. Pay it and relax karo.
R.M.Raja
(Audit assistant)
(197 Points)
Replied 18 January 2011
Is there any provision to include that tds amount in the current year form 16a or can i issue another form 16a for last year ?
CAclubindia
