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My dear friends,
Good Morning.....................
I have one quarry regarding TDS matter.
In our Company we have paid some advance to a Contractor (below Rs. 20000/-) where we had not deducted TDS at the time of Payment to that contractor. But we had deducted TDS from that contractor before total payment / Credit to his account exceeded Rs. 50000/- .
My question is that whether amount so paid to that contractor will be shown under LIST OF DELAYED DEDUCTION OF INCOME TAX AT SOURCE under point no.27 of part – B of Form 3CD.
Regard
Modi Ashok Kumar
99864 52168

From India , Bangalore
Dear Ashok
It depends on the auditors, some of the auditors are of the openion that yes it would be treated as a delay in remittance due to the fact that you have deducted on the TDS on the initial advance only at the time of payment of final invoice. Hence the TDS deducted on the advance payment would be treated as non-deduction initially and hence treated as delay.

From India , Faridabad
Dear ALL,
Our company has paid directly to Manipal Hospital, Bangalore for medical treatment of an Employee's family member. Manipal Hospital is having approval of Hospital u/s 17(2) of the IT act 1961.
Our Auditor has asked us to deduct TDS from Manipal Hospital, Bangalore.
My first quarry is that whether we can deduct TDS from a Hospital.
My second quarry is suppose if a hospital is liable for being deducted TDS, are hospitals are also issued TDS exemption certificates from IT Department.
Best Regards
Ashok Kumar Modi
99864 52168

From India , Bangalore
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