Tds
MADHURI ARVIND VASI (ASSISTANT) (33 Points)
17 October 2016
is it possible to pay tds before payment to contractors u/s 194c?
6 Replies
Mahendra
(Chartered Accountant)
(154 Points)
Replied 17 October 2016
As per provisions TDS will be applicable at the time of credit or payment whichever is earlier. So in case of credit vendor where expenses are accounted before making payment, then TDS will be applicable at that time even though payment is made afterwords.
Ramachandran
(Senior Executive )
(106 Points)
Replied 17 October 2016
Mr. Mahendra,
Can you please tell me how can I pay late filing fee against sec 234.
Mahendra
(Chartered Accountant)
(154 Points)
Replied 18 October 2016
HI
Download the justification report to view the outstanding demand which will also contains the amount of late filing fees U/s 234.
Use ITNS 281 Challan for payment.
At the time of filing of correction statement by downloading the conso file, you have to tag in the column Fees the respective challan.
Ramachandran
(Senior Executive )
(106 Points)
Replied 18 October 2016
Is the Challan available in internet banking ?
Mahendra
(Chartered Accountant)
(154 Points)
Replied 18 October 2016
Taxes and other related sum will be paid online, provided assessee will have net banking.
Ramachandran
(Senior Executive )
(106 Points)
Replied 18 October 2016
If I am paying online, then the challan will be available in my interenet banking itself, right ?
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