Filing of tds
This query is : Open
27 May 2015
DEAR EXPERT,
A COMPANY (LIMITED COMPANY) RECEIVES CERTAIN SERVICE FROM AN INDIVIDUAL. THE COMPANY PAYS AMOUNT TO THE INDIVIDUAL FORTNIGHTLY BASIS. FOR SERVICES PERFORMED FROM 1ST JUNE TO 15TH JUNE, INDIVIDUAL ISSUES INVOICE ON 15TH JUNE AND COMPANIES PAY TO INDIVIDUAL ON 16TH JUNE AFTER DEDUCTING TDS. FOR SERVICES RENDERED FROM 16TH JUNE TO 30TH JUNE, INDIVIDUAL ISSUES INVOICE ON 30TH JUNE AND COMPANIES PAYS TO INDIVIDUAL ON 1ST JULY AFTER DEDUCTING TDS.
MY QUERIES IS
1) WITH REGARD TO PAYMENT OF AMOUNT PERTAINING TO THE PERIOD 16TH TO 30TH (COMPANY PAYS ON 1ST) WHEN THE COMPANY HAS TO REMIT TO GOVERNMENT
A) ON 7TH JULY B) ON 7TH AUGUST?
2) WHETHER RETURN HAS TO FILED IN 1ST QUARTER OR ON 2ND QUARTER?
THANK YOU IN ADVANCE.
A COMPANY (LIMITED COMPANY) RECEIVES CERTAIN SERVICE FROM AN INDIVIDUAL. THE COMPANY PAYS AMOUNT TO THE INDIVIDUAL FORTNIGHTLY BASIS. FOR SERVICES PERFORMED FROM 1ST JUNE TO 15TH JUNE, INDIVIDUAL ISSUES INVOICE ON 15TH JUNE AND COMPANIES PAY TO INDIVIDUAL ON 16TH JUNE AFTER DEDUCTING TDS. FOR SERVICES RENDERED FROM 16TH JUNE TO 30TH JUNE, INDIVIDUAL ISSUES INVOICE ON 30TH JUNE AND COMPANIES PAYS TO INDIVIDUAL ON 1ST JULY AFTER DEDUCTING TDS.
MY QUERIES IS
1) WITH REGARD TO PAYMENT OF AMOUNT PERTAINING TO THE PERIOD 16TH TO 30TH (COMPANY PAYS ON 1ST) WHEN THE COMPANY HAS TO REMIT TO GOVERNMENT
A) ON 7TH JULY B) ON 7TH AUGUST?
2) WHETHER RETURN HAS TO FILED IN 1ST QUARTER OR ON 2ND QUARTER?
THANK YOU IN ADVANCE.
27 May 2015
You have to pay on 7th july, as tds is paid on due or payment whichever is earlier.
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28 May 2015
Thank you Ramji Kumar Dubey Sir,
Please quote the section/case law that says "tds is paid on due or payment whichever is earlier"
Please quote the section/case law that says "tds is paid on due or payment whichever is earlier"
29 May 2015
Sorry Raj Prakash, tds is paid on payment basis.
sec 192
sec 192
29 May 2015
Thank You Ramji Kumar Dubey sir
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