09 August 2009
Where tax is deducted on behalf of Government tax has to be deposited on the same day. In other cases, tax has to be remitted within one week from the end of the month in which the amount on which tax is deductible is paid or credited to the account of the payee. When the amount on which tax is deducted is credited to the payee's account on the last day of the financial year, within 2 months from the end of the month in which credit is given.
Quarterly TDS return is to be submitted with 15 days from the end of the quarter. For eg., for Apr to June quarter, on or before 15th July
09 August 2009
I agree with them ,i want to hightligth one more point missing here i.e. if TDS is deducted for salary payment as on last date of financial year 31st march than the due date is 7th of next month instead of 2 months
CAclubindia
