Tds

This query is : Resolved 

11 August 2014 I was reading about tds and i read following related to due date of payment of tds Government Same day if payment is done by book adjustment Up to 30th April If payment is made by challan By 7th of next month But I didn't understand the payment modes I.e by book adj and challans

11 August 2014 the tds payment by book entry applies to govt departments. Since govt departments are part of the govt only, there is no need to make actual cash payment of the tds deducted. So just accounting entries are passed in the books to pay tax.

For other categories of deductors, tax is to be deposited vide actual payment of through challans.

12 August 2014 govt deptt. make the payment through tfr book entry they are no need to deposit via cash bank .
for others deposit through banking system so give days for payment.


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