Rahmathullah p 20 January 2021
Vehicle rent paid by govt. Department.
Under contact basis
But TDS not collected and not made deduction for amount
From April 2019
Whether now can deduct tds
For previous year
What is alternative method
Koteswararao Venky 20 January 2021
As per the provisions of income tax, TDS needs to be done on payment or credit which ever is earlier.
Hence you cannot deduct TDS for 2019-20 now.
You only have two alternatives now,
1. You can obtain a certificate from payee in prescribed form that payee have paid income tax.
2. Assume that the payment made is net amount and now pay tax along with interest and late fee.
Stay updated with latest Discussion!
Member Strength 32,83,660 and growing..
CAclubindia
