For FY 2019-20_Q1 one of our employee deducted his tds of Rs. 10000 (Roud figure) from july month salary. We haven't file tds return for 1st QTR. How to consider this deduction in tds return.
Do we need to show it in tds return for Q2
or can we show it in Q1 with late deduction.
Plz reply sir..it's urgent
5 Replies
Sandeep Sharma
(Accounts executive)
(552 Points)
Replied 06 August 2019
Sir we haven't made any montly computation for salary tds for whole year. So what amount do we need to show in Q2 tds return
Amount actually deposited??
or
Amount actually deductible as per computation??
Amount actually deposited??
or
Amount actually deductible as per computation??
Sandeep Sharma
(Accounts executive)
(552 Points)
Replied 07 August 2019
So sir for eg if have to deduct tds 2234/- monthly and for six months (April to sept) we have to deduct 13404(2234×6). So we need to deduct tds of Rs. 3404 in next two months i.e August and September. and furnish the same into return??
Plz rectify me if i am wrong
Plz rectify me if i am wrong
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