Please Help: Short deduction of TDS
Posted Date : 10-Jun-2023 , 04:54:49 pm | Posted By KAMAL BHATIA
Property was purchased from NRI and TDS deducted accordingly u/s 195. Date of payment was 1.8.2022 and we filed TDS return of Q-2 financial year 2022-23.
Now, we received notice from TDS-CPC for short dedcutino of TDS amounting Rs. 1,00,000 and interest on short deduction Rs. 11,000 for delay of 11 months @1%.
After we received notice, we then collected TDS amount from seller on 05.06.2023 and deposit the challan on 05.06.2023
Now my question is as under:
As date of deduction of this TDS of Rs. 1,00,000/- is 05.06.2023, so when we entered data in correction statement of Q-2 financial year 2022-23, it gives message that date of deduction is out of quarter.
What is the solution?
Now, we received notice from TDS-CPC for short dedcutino of TDS amounting Rs. 1,00,000 and interest on short deduction Rs. 11,000 for delay of 11 months @1%.
After we received notice, we then collected TDS amount from seller on 05.06.2023 and deposit the challan on 05.06.2023
Now my question is as under:
As date of deduction of this TDS of Rs. 1,00,000/- is 05.06.2023, so when we entered data in correction statement of Q-2 financial year 2022-23, it gives message that date of deduction is out of quarter.
What is the solution?
Category : Income Tax | Answers : 0 | Comments : 2 | Hits : 1622
Answers:
Comments
Mohd. Danish
14-Jun-2023 , 12:25:53 pmMohd. Danish
14-Jun-2023 , 12:27:11 pmDear Bhatia, the date of deduction should be 01/08/2022 and not 05/06/2023.