Date of credit or payment=date of deduction (in 26q and 24q
This query is : Resolved
CA SAYANTAN BASU
(Expert)
12 February 2014
Date of credit means the date when you are depositing the amount of tds or tcs as the case may be into the bank ...... Suppose the salary for a particular month is been given on last day of the month and you being the employer has deducted the amount of tds from the salary on the last day of the month but you have deposited the amount on the 2nd of the next month , then in that case , date 2nd will be treated as date of credit not the last date of the month when you have deducted the tds .....
CA SAYANTAN BASU
(Expert)
12 February 2014
Date of credit means the date when you are depositing the amount of tds or tcs as the case may be into the bank ...... Suppose the salary for a particular month is been given on last day of the month and you being the employer has deducted the amount of tds from the salary on the last day of the month but you have deposited the amount on the 2nd of the next month , then in that case , date 2nd will be treated as date of credit not the last date of the month when you have deducted the tds .....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- MSME disclosure and disallowance
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
