Due date TDS liability for recurring Professional service
This query is : Resolved
24 February 2022
An Invoice for recurring professional service rendered for January 2022 was raised on 10th February 2022 as mutually agreed between client & professional, the amount post deduction of TDS@10% was received on 15th February 2022.
The professional(P1) now has to pay fees to other professionals(P2) associated with him for providing services to above client and is liable to TDS@10% which is duly made.
What is due date for TDS remittance by P1 in above case,7 February 2022 or 7th March 2022?
The professional(P1) now has to pay fees to other professionals(P2) associated with him for providing services to above client and is liable to TDS@10% which is duly made.
What is due date for TDS remittance by P1 in above case,7 February 2022 or 7th March 2022?
26 February 2022
Depends upon the date on which P2 raises bill. If bill raised in month of Feb. 2022, TDS payment would be by 7th March.
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