query about tds on advance payment

sunny (ACCOUNTANT) (25 Points)

09 July 2007  

hello

i hve g8 confusion in my mind relating to tds on advance payment.

i have made payment on 7th june 07 for advance rent for the month of july-07 and the entry will be in june month :    RENT DR./ CASH CR. AFTER THAT

PREPAID RENT DR./  RENT CR. AND IN JULY MONTH IT WILL BE

RENT DR. / PREPAID RENT CR. SO, what is the time limit for depositing the tds on advance payment? is it on 7th july or 7th august? plz clarify me.

bcoz somebody says it will be 7th july and somebody says it will be 7th august.

plz read this carefully and than answered

thanks in advance

gaurav