Tds queries..

SUMIT BADYAL (709 Points)

30 April 2022

hi, if we forget to deduct tds on some bills for the year 2021-2022, can we deposit tds after 30 April 2022.

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6 Replies

CA Aakarsh Jain (CA) (10334 Points)
Replied 30 April 2022

Yes u can deduct but you have to pay interest on it.

sabyasachi mukherjee (27105 Points)
Replied 01 May 2022

It's better to deposit now otherwise penalty may recurring.

Eswar Reddy S (CFO- at NHTF) (58259 Points)
Replied 01 May 2022

You can deduct and pay along with interest @ 1.5% per month .

You must file Tds correction statement if regular Tds return is already filed

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sabyasachi mukherjee (27105 Points)
Replied 01 May 2022

Tds correction statement comes later.
booking of bills or payment whichever is earlier.

Eswar Reddy S (CFO- at NHTF) (58259 Points)
Replied 01 May 2022

Read the answer again

sabyasachi mukherjee (27105 Points)
Replied 05 May 2022

Act is self explanatory.

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