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?
30 March 2009
As per finance act 2008, the due date for payment of TDS deducted in the last month of previous year(march) is the due date for filing of returns for the assessee.
This is applicable for both payment and provision.
This amendment is applicable with retrospective effect from AY 05-06.
This is applicable for both payment and provision.
This amendment is applicable with retrospective effect from AY 05-06.
Tushar Yerawar
(Expert)
30 March 2009
Payment of expenses on 31st March - 7th April
Provision for expenses on 31st March - 31st May.
Provision for expenses on 31st March - 31st May.
CA. Aryendra
(Expert)
30 March 2009
Dear Luluwa,
1. If any amount is credited to the payee's account on the last day of accounting year i.e. 31 st March then tax should be deposited within 2 months from the end of the months in which such last day falls.
2. In any other case (i.e. on 30th March) within one week from the last day of the month in which deduction is made.
In case of provision of expenses aforsaid provision will apply too.
1. If any amount is credited to the payee's account on the last day of accounting year i.e. 31 st March then tax should be deposited within 2 months from the end of the months in which such last day falls.
2. In any other case (i.e. on 30th March) within one week from the last day of the month in which deduction is made.
In case of provision of expenses aforsaid provision will apply too.
30 March 2009
i support mr. tushar and mr gangwar
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