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TDS and quarterly return

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(Querist)
24 February 2010
Hello Sir,

I have a query regarding TDS and quarterly returns.We are making provision on Audit fee at the end of financial year (31-3-09)nd according to IT Rules,TDS on provisions have to be made with in 2 months of date of providing such provision(30-6-09).Actual bill comes in the month,say November and we are making the payment to the party on November.In which quarter return we should upload the same, whether it should be on 1st quarter retun or it should be 3 rd quarter return?
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Bimal Thacker

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Bimal Thacker (Expert)
24 February 2010 1) Tax is required to be deducted for provision of audit fees on 31.03.2009.
2) due date of payment of TDS for provision on last day of year is 31st may of next year in your case it is 31.05.2009.
3) The above deduction will come in 4th QETDS of F.Y.2008-2009 that is for quarter Jan.2009 to March 2009.

Your understanding about TDS provision within 2 Months i.e. 30.06.09 is not correct.
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