Tds deposits if due date is holiday

This query is : Resolved

TRIBHUVAN PUROHIT (Querist)
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04 November 2011 Respected Sir,
On 6th Nov. 2011 - there is sunday.
On 7th Nov. 2011 - there is Bank Holiday,
On 5th Nov. 2011 - Bank Half day.

When to deposit the tds.

My senior told me 8th day of Nov. 2011 is acceptable if due date falls on public holiday.

Is it true or not.

Please provide me with valid grounds and sections under which any provisions regarding above laid down.

Awaiting earliest reply.

Thanking you,

TRIBHUVAN PUROHIT

CA PRAVIN

CA PRAVIN (Expert)
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04 November 2011 If there is a bank holiday on due date of payment then next day immediately after the holiday is acceptable.

CA VISHAL RANA,CS,B.Com,AMFI

CA VISHAL RANA,CS,B.Com,AMFI (Expert)
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04 November 2011 In above case 8th is due date of TDS deposit......your senior is right

CA Prashant Gupta

CA Prashant Gupta (Expert)
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04 November 2011 if due date is holiday then next day is due date. in your case 8th

CMA Ashutosh Kumar Gupta

CMA Ashutosh Kumar Gupta (Expert)
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04 November 2011 Reference is cited to the Section 10 of the General Clauses Act of 1897 as well as the same analogy was held vailid by the IT Circular No.639 of dated 13.11.1992. Therefore, if on the last day of prescribed period office is closed the immediately next day when the office is open will be taken as valid.

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