Please tell me - I have a invoice which is dated 13/09/2010 of Rs.39708/- with including Services Tax, But due to some issues about bill we did not make payment for this bill, henceforth we did not deduct or debited any TDS against this invoice, but unfortunately we have taken Credit of Service tax in the month of Sept-2010.....
Now my Query is SHOULD I DEDUCT TDS WHILE MAKE PAYMENT FOR THIS BILL ? IF YES HOW SHOULD I ACCOUNT FOR THAT AND IN WHICH FINANCIAL YEAR ????
Dear Raju
You must tds deducted before payment & u have allowed that expense if tds is deduct before return filing.
Dear Sagar,
TDS Return has been filed, Thats why I am getting this question
revise your tds return by adding the bill and paying the TDS with interest.
How much Interest should I Pay ??? what is rate of Interest ?
1% for each calander month or part thereof.
| Originally posted by : U S Sharma | ||
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1% for each calander month or part thereof. |
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from d date it would have been paid till u pay it till dat date.
CAclubindia
