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Tds deposit dates

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Querist : Anonymous

Querist : Anonymous (Querist)

20 February 2014 A factory Pay it's June month Salary in July month say 10th july 2013.
But it credited its salary payable account and TDS on salary payable account in the June 30th .

When the TDS has to be deposit. Is it JULY 7 or Aug 7.
Please give the Rule or sec if possible.

Aashish Tiwari

Aashish Tiwari (Expert)
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20 February 2014 7th, july.
Time to Deduct TDS
.
It should be done at the time of credit to the payee’s account or payment thereof, whichever is earlier.

Querist : Anonymous

Querist : Anonymous (Querist)

20 February 2014 Thank u.........

Same Rules for TDS on Contractor Payment (194c) and TDS-194 J ?

Credit Or payment which ever is earlier ?

Aashish Tiwari

Aashish Tiwari (Expert)
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21 February 2014 Yeah, its same.
Regards

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