Tds on contractor deducted

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ashutosh mishra (Querist)
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15 June 2015 Tds on contractor is deducted and deposited with government on which date.tds on proff. is on monthly basis if contractor pmt. on 24th april when to deposit tds with government.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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15 June 2015 TDS to be deducted on the date of payment or credit whichever is earlier. TDS to be deposited within 7th of Next month following the month of deduction. For TDS deducted during the month of March due date of deposit is 30th April.

In the given case if TDS is deducted on 24th April then it should be deposited within 7th of May.

Rupesh Jain

Rupesh Jain (Expert)
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15 June 2015 YOU HAVE TO DEPOSTI THE TDS IN NEXT MONHT 7TH DAY FROM THE MONTH IN WHICH YOU MAKE PAYEMENT OR CREDIT THE AMOUNT IN VENCOD A/C

FOR MARCH ITS 30TH APRIL