TDS
This query is : Resolved
30 March 2009
If the assessee makes a payment of expense on 31st march, what will be the due date of payment of TDS?
And what will be the due date of payment of TDS if the assessee makes a provision of expense on 31st march?
And what will be the due date of payment of TDS if the assessee makes a provision of expense on 31st march?
K V Subba Rao
(Expert)
30 March 2009
"If the amount liable to tax deduction is credited to the account of the payee on the last date of the accounting year of the assessee, the tax deducted thereon can be paid within two months of that date."
Source: https://www.aiftponline.org/journal/Apr07/inpursuit_of_knowledge.htm
So, if payment is made on 31st Mar 09, due date for TDS remittance is 7th Apr 09.
If Payee's Account is credited on 31st Mar 09 for which payment is made in due course, due date for TDS remittance is 31st May 09
Source: https://www.aiftponline.org/journal/Apr07/inpursuit_of_knowledge.htm
So, if payment is made on 31st Mar 09, due date for TDS remittance is 7th Apr 09.
If Payee's Account is credited on 31st Mar 09 for which payment is made in due course, due date for TDS remittance is 31st May 09
Ram Avtar Singh
(Expert)
30 March 2009
expenses paid up to march tds to be paid 7th April
provision of 31 march within 2 month
provision of 31 march within 2 month
30 March 2009
answered
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