Tds u/s 194c
Shekha Goel (Article) (38 Points)
16 January 2017Shekha Goel (Article) (38 Points)
16 January 2017
CA Aditya Lahoti
(Chartered Accountant)
(380 Points)
Replied 17 January 2017
Dear Shekha,
As your amount was excedding 30,000/- in Q1 itself considering it as one bill only, there itself you shold have deduceted TDS.
As you have not deduceted TDS in Q1 and deposited the same before 7 of next month it which TDS should have been deducted, you will now have to deducted TDS in Q2 and deposite the same.
There is no need to revise the return of Q1 you just need to pay interest on delayed deduction and payment.
Shekha Goel
(Article)
(38 Points)
Replied 17 January 2017
Dear Aditya Lahoti,
Amount exceeded 30000 in 2nd Quarter and not in 1st Quarter
Koushik D C
(Proprietor/Freelancer)
(938 Points)
Replied 18 January 2017
TDS needs to be deducted on the date when you made the payment of excedding Rs.1,00,000. No need to revise the return. Quote the total amount of 1,00,000 in 2nd quarter.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)