Tds payment

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neha (Querist)
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26 April 2012 can anyone tell me what would be the last date for payment of TDS and filling of return relating of march month

Murtaza I Bhagat online

Murtaza I Bhagat online

(Expert)
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26 April 2012 30 April is due date for deposit tds
15 May is due date for filing tds return

neha

neha (Querist)
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26 April 2012 then why somewhere is mention 7th of april and 31st may

Murtaza I Bhagat online

Murtaza I Bhagat online

(Expert)
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26 April 2012 no no it (7th) was for April to Feb not for March deduction

neha

neha (Querist)
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26 April 2012 OK IS THERE ANY PROVISION THAT DEDUCTION ONLY ON 31ST MARCH IS TO BE PAID ON 31ST MAY

Mihir Doshi

Mihir Doshi (Expert)
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26 April 2012 Dear Neha,

TDS payment due date for March month is 30th April. You are also correct but this section was amended in last year budget so now only a single payment date is announced for payment of March month TDS is 30th April.

Hope your doubt is clear.

Thanks

neha

neha (Querist)
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26 April 2012 yeah m doubt is clear now, one more thing i want to knw what is the cash payment limit i.e 20000 or more then this??

Mihir Doshi

Mihir Doshi (Expert)
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26 April 2012
•Section 40A(3)(a) of the Income-tax Act, 1961 provides that any expenditure incurred in respect of which payment is made in a sum exceeding Rs.20,000/- otherwise than by an account payee cheque drawn on a bank or by an account payee bank draft, shall not be allowed as a deduction.However if payment is being made for plying, hiring or leasing goods carriages then Limit for these section is Rs 35000/-,instead Of 20000/-

So, It is for Business Expenditure. You can pay more than 20,000/- for any Capital Expenditure there is no restriction.

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neha

neha (Querist)
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26 April 2012 can u plz tell me what shows the branch balance in the book of head office, actualy in m books branch balance is 470000cr

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