TDS

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Smrity

Smrity (Querist)
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15 April 2010 what is the due date for paying TDS for bills booked during March and particulary on 31st march

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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15 April 2010 1) If it is a cash transaction, cut off date is 7th April.
2) If it is a credit transaction, cut off date is 31st May provided 31st March is your account closing date.

Smrity

Smrity (Querist)
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15 April 2010 Thank you Mr. B. Chackrapani for your reply, Can u please explain me the difference between cash and credit transaction.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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15 April 2010 if the bill only booked and credited to party ledger is called credit transaction and bill booked and payment also made on or before 31st march is called cash transaction

Smrity

Smrity (Querist)
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15 April 2010 Thank you for your reply Mr. Ramesh.

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