21 November 2007
what is the due date for depositing the collection of TDS For different assessees for the A.Y.2008-09. Also give the criteria for liability for TDS when arise i.e. when a person will be liable for TDS ?
21 November 2007
TDS is deducted at the time of credit or payment whichever occurs earlier. By that I mean that TDS has to be deducted at the time of bill booking / advance payment.
The due date for deposit of TDS is 7th of the subsequent month
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