Tds on job work
This query is : Resolved
31 October 2013
dear sir
when company paid job work for the month of october 2013 check paid to 5.11.2013 & tds deduct 2% what is tds deposited date.
when company paid job work for the month of october 2013 check paid to 5.11.2013 & tds deduct 2% what is tds deposited date.
31 October 2013
AS PER INCOME TAX ACT, LIABILITY TO DEDUCT TDS IS THE DATE OF WHICH PAYMENT IS MADE OR THE CREDIT IS GIVEN, WHICH EVER IS EARLIER,
IN YOUR CASE, THE LIABILITY ARISES IN THE MONTH OF OCTOBER, 2013 AND THE PAYMENT OF TDS IS TO BE MADE ON OR BEFORE 7TH NOVEMBER 2013
IN YOUR CASE, THE LIABILITY ARISES IN THE MONTH OF OCTOBER, 2013 AND THE PAYMENT OF TDS IS TO BE MADE ON OR BEFORE 7TH NOVEMBER 2013
31 October 2013
if payment made to 8.11.2013
31 October 2013
1) CREDIT GIVEN IN BOOKS OF ACCOUNTS OR
2) PAYMENT MADE
WHICH EVER IS EARLY
HENCE IF YOU DON'T PASS ENTRY IN BOOKS AND PAY ON 8.11.2013, THEN DEDUCT TAX ON SAME DATE AND DEPOSIT THE SAME WITH GOVERNMENT ON 7/12/2013
2) PAYMENT MADE
WHICH EVER IS EARLY
HENCE IF YOU DON'T PASS ENTRY IN BOOKS AND PAY ON 8.11.2013, THEN DEDUCT TAX ON SAME DATE AND DEPOSIT THE SAME WITH GOVERNMENT ON 7/12/2013
31 October 2013
dear friend
your liability to deduct tax and payment will be completed on 07.11.2013 as the credit given in oct. and payment made on 8-nov.2013 so the earliest date is being oct
so you have to pay the same by 7 nov 2013. if you pay the same by 8-nov. then interest provision will applied and you have to pay interest @ 1.5% pm
your liability to deduct tax and payment will be completed on 07.11.2013 as the credit given in oct. and payment made on 8-nov.2013 so the earliest date is being oct
so you have to pay the same by 7 nov 2013. if you pay the same by 8-nov. then interest provision will applied and you have to pay interest @ 1.5% pm
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Can partnership firm show income under 44ad
- Regarding ITR filing with more value than showing in AIS/TIS
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
