TDS on Salary deducted on 31 March

This query is : Resolved

Anil (Querist)
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18 March 2008 Tax deducted on 31st March is to be deposited upto 31st May.

The above statement is confirmed by refering to following links:

http://www.indiancaonline.com/story/2005/6/14/19284/1062(refer notes: point 2)

http://www.mmehtaco.com/TDS_RATES&DUE_DATES.pdf

BUT

Following link says the above rule is NOT applicable to PAYMENT OF SALARY(Point 12)

http://ghalla-bhansali.com/it_tds.asp

Please confirm whether TDS on Salary is an exception to the statement - Tax deducted on 31st March is to be deposited upto 31st May - BY QUOTING RELEVANT SECTION / RULE

K V Subba Rao

K V Subba Rao (Expert)
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18 March 2008 Please refer Table in Page A-305 of Singhania's 30th edition (latest) of Direct Taxes Ready Reckoner.

A reading of provisions of various sections tabled suggests a distinction being made in situations for deduction of tax due to between (a)making PAYMENTS and (b) CREDITING amounts on 31st Mar.

In case of TDS on amounts CREDITED, we have time upto 31st May for remittance

In case of TDS on amounts PAID, we have one week time only

Anil

Anil (Querist)
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18 March 2008 Dear Sir,

Thank you very much for the reply.

In case of TDS on amounts CREDITED, we have time upto 31st May for remittance

To the above statement is SALARY credited ON 31 March an EXCEPTION as seems to be suggested by following links of Chartered Accountant's websites?

http://www.pipara.com/updates.html

http://ghalla-bhansali.com/it_tds.asp

CA. GOPAL SONIKA

CA. GOPAL SONIKA (Expert)
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19 March 2008 for salary paid on 31.03.xx it is within one week from the end of the month.
for provision, it is 31.05.xx

CA Pattanayak

CA Pattanayak (Expert)
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20 March 2008 Its only 31st May.

Anil

Anil (Querist)
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20 March 2008 Respected Sir,

The Doubt is NOT regarding:

Date of payment of TDS in case amount gets CREDITED on 31 March.

The Doubt IS WHETHER SALARY CREDITED is an EXCEPTION to above rule as seems to be suggested by following links of Chartered Accountant's websites?

http://www.pipara.com/updates.html

http://ghalla-bhansali.com/it_tds.asp

Kindly QUOTE reference( Section / Rule / Book)

Thank you