Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 October 2014
can any one tell me the reason
Why TDS of march month is to be deposited on 30/04
where as for other months its 7th..
Give concrete ans...
Why TDS of march month is to be deposited on 30/04
where as for other months its 7th..
Give concrete ans...
21 October 2014
The reason is that TDS required to be deducted on provision. Also the bill for the month of March will not be received immediately. For these reasons this extra time is given only for the month of March.
CA R SEETHARAMAN
(Expert)
21 October 2014
This extension of time is very much helpful in respect of salary TDS. Refunds for savings made in March but documentary evidence produced in April can be made in April. Sufficient time is available for salary deductors to workout correct TDS and make refunds for excess TDS, so that employees need not seek refund from IT Dept.
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