TDS AMENDMENT REGARDING DUEDATE

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pramod (Querist)
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31 May 2008 HYE
SIR I WANT TO ASK THAT DUE DATE OF TDS PAYMENT HAS BEEN INCREASED BY LATEST AMENDMENT SEC40(1)a
PLEASE CONFIRM ME REGARDING THIS

THANKYOU IN ADVANCE FOR GIVING YOUR VALUABLE TIME TO ANSWER THIS QUESTION

PRAMOD

Jitender

Jitender (Expert)
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31 May 2008 yes ,now u can deposit the tds upto the due date of filing of return.

Shyam Lal Naik

Shyam Lal Naik (Expert)
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31 May 2008 Due date has NOT been extended. The due date remain the same.

The only relief is:-

TDS deducted during the month of March can be deposited(although along with interest)upto the date of filing of return of income, without attracting the dis allowance provision.

Due dates for tds deducted during march are:-

Deduction during 1st March to 30th March= 7th April
Deduction on 31st March = 31st May

Anup Singh

Anup Singh (Expert)
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31 May 2008 This amendement is not about due date of deposit of TDS. it's all about disallowances u/s 40a(ia).
Amendments
1. if tds is deductible and is dedueted during any month but other than last month i.e march--> TDS must be deposited upto 31st march.
2. if tds is deducted in the month of march, it can be deposited upto the due date of filling of Income tax return and not tds return i.e 30th september in case of audit concern, further due date of deposit of tax is same as earlier.CA ANUP SINGH

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