TDS
This query is : Resolved
10 April 2010
Is it necessary to be Bill dated 31st march to avail the extended tds deposit date of 31st may in respect of 31st march provisioning?
10 April 2010
NO. YOU CAN PAY IT BEFORE 31ST MAY IF YOU WISH. THE EXTENDED PERIOD HAS BEEN GIVEN TO MAKE TDS ON PROVISION AND BILL FOR MARCH RECEIVED IN APRIL.
K V Subba Rao
(Expert)
10 April 2010
In order to remit TDS by 31st May, it is not necessary that Bill should be dated 31st Mar. But Payer has to make sure that CHEQUE for net amount payable is dated AFTER 31st Mar. If date of Cheque is either 31st Mar or a date prior to that, TDS remittance has to be obviouslymade by 7th Apr
K V Subba Rao
(Expert)
10 April 2010
In order to remit TDS by 31st May, it is not necessary that Bill should be dated 31st Mar. But Payer has to make sure that CHEQUE for net amount payable is dated AFTER 31st Mar. If date of Cheque is either 31st Mar or a date prior to that, TDS remittance has to be obviouslymade by 7th Apr
CMA.Palani Arumugam
(Expert)
10 April 2010
Agree with Subba Rao ji.
CMA Ramesh Krishnan
(Expert)
11 April 2010
agreed
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