suresh talam (accounts) (39 Points)
08 February 2010
Is it Right that due date for following is 31/03/2010 ?
TDS for all the payments made on which TDS is to be deducted by the end of Feb 2010 otherwise the expenses will be disallowed u/s. 40a(ia).
And also required to file the TDS Returns for the 3 Quarters ending June 2009, Sept 2009 and Dec 2009 before 31.03.2010. There is a penalty of Rs. 100 per day for delay in filing the TDS Returns.
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 08 February 2010
The due dates for filing quarterly TDS returns, both electronic and paper are as under:
| Quarter | Due Date for Form Nos. 24Q & 26Q | Due Date for Form No. 27Q | Due Date for Form No. 27EQ |
|---|---|---|---|
| April to June | 15 July | 15 July | 15 July |
| July to September | 15 October | 15 October | 15 October |
| October to December | 15 January | 15 January | 15 January |
| January to March | 15 June | 15 June | 30 April |
regards,
ratan
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 08 February 2010
Amir
(Learner)
(4016 Points)
Replied 08 February 2010
Dear Suesh,
You are absolutely rite brother.........
Regarding TDS return , Yes there is penalty of Rs. 100/day for default but don't think any such clause is there about 31.03.2010
I guess u were testing the knowlege of the members in the forum...:)))
CA Saurabh Shukla
(Accounts Executive)
(223 Points)
Replied 09 February 2010
yes, it is correct that, if U/s 40a(ia) for the month of Apr- Feb TDS is not dedcuted or deposited in Govt. A/c Upto 31/3/2010, that exp. will not be dedutable in the AY 2010-11.
But, if it is Deducted and Deposited in next year it will be Deductable exp. of next year.
Correct me if i am wrong..................
imthiyaz
(Tax software Devt professional)
(41 Points)
Replied 15 July 2010
@ ratan deep saxena...
Sir pls give the section referrence..... related to penalty of 100/day for late filing of TDS/TCS return
CAclubindia
