Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2012
1)What is the difference between Date of Payment and date of deduction of tax(TDS)?
2)Suppose i make a payment of interest other than interest on securities to a NBFC company on 5th June 2010 without deducting any TDS.On 15th Dec 2011, I deposit tax (TDS with interest applicable) with goverment.Then, on 15 Jan 2012 ,NBFC company reimburses me with TDS amt.
Now what will be the DATE OF DEDUCTION of TDS and Date of payment?
2)Suppose i make a payment of interest other than interest on securities to a NBFC company on 5th June 2010 without deducting any TDS.On 15th Dec 2011, I deposit tax (TDS with interest applicable) with goverment.Then, on 15 Jan 2012 ,NBFC company reimburses me with TDS amt.
Now what will be the DATE OF DEDUCTION of TDS and Date of payment?
27 July 2012
Date of payment:
The date when payment is made for any expenditure. In example given by you, date of payment is 05.06.2010.
.
Date of Deduction:
When the TDS has been deducted or the date of entry related thereto. You have to pass a JV for TDS on the date of credit or date of payment which ever is earlier.
.
Date of Deposit of TDS: 15.12.2011.
.
The date when payment is made for any expenditure. In example given by you, date of payment is 05.06.2010.
.
Date of Deduction:
When the TDS has been deducted or the date of entry related thereto. You have to pass a JV for TDS on the date of credit or date of payment which ever is earlier.
.
Date of Deposit of TDS: 15.12.2011.
.
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
- Section 270A penalty
- GST Registration Application -Rejected
- GSTR 1- Amend Credit Note
- GSTR 9C- Table 9
- International transfer pricing- -> father entity vs son entity ->WHERE NO mutual say in management
- Tax liability on gift amount given to blood relation
- Form 104 stamp paper deed
- To Whom the Professional Invoice should be Raise
- Gst registration rule 14A
- Reimbursement of expense- GST applicable or not
- Problem in filing Returns for International workers in EPFO
- Clarification for reversal of IGST on transfer of duty-free imported goods from EOU to DTA unit
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
