TDS

Arros (RM) (69 Points)

14 April 2009  

I request the members to clarify my following queries:

A company accounts a bill received from a contractor for Rs.10,000/- on 15.01.2009. TDS of Rs.227 (2.266%) is also deducted from the said bill. Please inform whether TDS has to be remitted into the Govt a/c within 7 days of deduction (in this case 22.01.2009) or whether it has to be remitted on or before 7th February 2009.