Tax on salary
This query is : Resolved
16 May 2008
A company pays salary to its employees on 10th of every subsequent month.however accounts for the salary in the same month.Now when does the TDS become due for payment? is it on 7th of the sussequent month or 17th?ie 7 days from date of payment?
16 May 2008
7 th day of the subsequent month
16 May 2008
TDS TO BE CREDITED EITHER ON PAYMENT OR ON CREDITING THE TDS ACCOUNT WHICHEVER IS EARLY.
SINCE YOU ACCOUNT FOR SALARY, IN SAME MONTH ie 30 TH OR 31 ST OD EACH MONTH,TDS CREDIT IS GIVEN ON THOSE DATES. ACCORDINGLY YOUR DEPOSIT DATE IS 7 TH OF NEXT MONTH.
R.V.RAO
SINCE YOU ACCOUNT FOR SALARY, IN SAME MONTH ie 30 TH OR 31 ST OD EACH MONTH,TDS CREDIT IS GIVEN ON THOSE DATES. ACCORDINGLY YOUR DEPOSIT DATE IS 7 TH OF NEXT MONTH.
R.V.RAO
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
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- Bank Accounts in Balance Sheet for ITR 3
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Error whiling application of GST REFUND (ANNEXURE B)
- While filing GSTR9 accountant couldn't entered the ITC values in Table 6, in 9C it is not accepting
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
