Y. S. Ghodvaidya (Sr. Accounts Executive) (67 Points)
21 February 2011Dear All Respected Members
# Can You Give me the Suggestion/ Clarification on Filling of TDS Return on Following points :-
1) What Is mean By Book Entry
2) If the TDS Paid By E Payment Then Instead Of Cheque No. What Should Be Mentioned.
3) If TDS Return Not File on Correct Dates , Then What are the Penaltys of the Same.
4) If We File 1st Quarter Return for the F. Y. 2010-11 In the Month of Feb -11 It will be accepted By NSDL/IT Dept.
Thanks
Yashodhan
1. Book Entry means when payment has not been made actually, i.e. by cash, cheque, demand draft or any other acceptable mode and merely a provision has been made on the last date of the accounting year.
2. For this i can only say that in our office we keep this field blank and its gets validated and accepted at NSDL.
3. Penalty –100/- per day during which the default continues restricted to the amount of TDS deductible.
4. Yes, even if you file the 1st quarter return of FY 2010-11 in the month of Feb 2011, it will get accepted at the NSDL. Pay the penalty for late filing of return as mentioned in point 3. But, it still gets accepted at the NSDL even if you don't pay the penalty.
CAclubindia
