Tds deducted on advance & cheque got returned - consequence
This query is : Resolved
29 June 2013
We had issued a cheque to a party as advance after deducting TDS from it. But the cheque got returned (due to some technical fault of banks, not ours). We are going to issue a fresh cheque to them. Is TDS to be deposited as per old deduction date or based on fresh payment date?
29 June 2013
Technically on old deduction but since the cheque is not encashed you may deduct on fresh payment date.
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