Tds
This query is : Resolved
12 May 2014
For example : I deducted made payment of interest on 12-03-2014 and deposited TDS for that amt on 12-03-2014 but in books i am showing as i have made payment of interest on 31-03-2014
which date should i use for filing TDS return 31-03-2014 or 12-03-2014
which date should i use for filing TDS return 31-03-2014 or 12-03-2014
14 May 2014
First thing would how can you account for a transaction on 12th March on 31st March, i believe that can not be done.
Even if you have paid the amount as Advance then you have to show the date of Payment in the TDS Return.
Even if you have paid the amount as Advance then you have to show the date of Payment in the TDS Return.
01 June 2014
but if i file with 12th as payment of salary date it will unmatch with books
and if i keep 31st as the payment date it will be like i have deducted tds before making payment of salary because my challan date is on 12th
and if i keep 31st as the payment date it will be like i have deducted tds before making payment of salary because my challan date is on 12th
11 June 2014
So what you have made a advance payment of TDS. That's i believe is fine.
11 July 2014
Are you Sure that there will be no problem if we make advance payment of TDS
27 July 2025
Great question! Here’s how it generally works:
---
### TDS Payment & Filing Date vs. Book Entry Date
* **TDS deduction and deposit** should be linked to the **date on which payment is actually made or credited to the payee** (Section 2(28) of Income Tax Act).
* **TDS return filing** must show the actual **date of payment or credit to the deductee**, not the book entry date.
---
### So in your case:
* If you **made and deposited TDS on 12-03-2014** (i.e., you paid the salary or interest on this date), then this is the date to report in TDS return.
* **Books showing payment on 31-03-2014** is an accounting timing issue, but for TDS law, the **actual payment/credit date matters**.
---
### Regarding advance TDS payment:
* Yes, paying TDS **before actual payment** to deductee is generally allowed and is not an issue.
* What matters is that **TDS is deducted when payment/credit happens**, and **paid to government within prescribed time**.
* Advance payment of TDS is better than late payment—helps avoid interest and penalty.
---
### Important:
* The date reported in TDS return must match actual date of payment or credit to deductee.
* Book entries can differ, but for compliance, the payment date governs TDS filing.
---
**Bottom line:**
You should file TDS return showing payment date as **12-03-2014** (actual payment/credit date), not the book entry date of 31-03-2014.
---
If you want, I can help with sample journal entries to align your books and TDS records better. Need that?
---
### TDS Payment & Filing Date vs. Book Entry Date
* **TDS deduction and deposit** should be linked to the **date on which payment is actually made or credited to the payee** (Section 2(28) of Income Tax Act).
* **TDS return filing** must show the actual **date of payment or credit to the deductee**, not the book entry date.
---
### So in your case:
* If you **made and deposited TDS on 12-03-2014** (i.e., you paid the salary or interest on this date), then this is the date to report in TDS return.
* **Books showing payment on 31-03-2014** is an accounting timing issue, but for TDS law, the **actual payment/credit date matters**.
---
### Regarding advance TDS payment:
* Yes, paying TDS **before actual payment** to deductee is generally allowed and is not an issue.
* What matters is that **TDS is deducted when payment/credit happens**, and **paid to government within prescribed time**.
* Advance payment of TDS is better than late payment—helps avoid interest and penalty.
---
### Important:
* The date reported in TDS return must match actual date of payment or credit to deductee.
* Book entries can differ, but for compliance, the payment date governs TDS filing.
---
**Bottom line:**
You should file TDS return showing payment date as **12-03-2014** (actual payment/credit date), not the book entry date of 31-03-2014.
---
If you want, I can help with sample journal entries to align your books and TDS records better. Need that?
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