Tds payment due date
This query is : Resolved
karishma mittal
(Querist)
09 July 2015
For one payment transaction cheque has been deposited on 27th June in the bank but bank has cleared it on 1 July for the payment then whether this transaction to be consider for TDS payment for June month or can take this transaction in July and deduct TDS in July and make TDS payment till 7 th July?
09 July 2015
TDS to be deducted based on date of entry in Cash book and not the date of clearance of cheque. So TDS to be deducted in June.
Message likes :
1 times
Vijay Kalia
(Expert)
09 July 2015
Yes, it is to be considered for June month. Service Tax has clear cut mandate on this in rules. Sahara India case law favors the view on treasury payments in such circumstances.
Message likes :
1 times
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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Employee secondment
- Ito add credit side of bank
- GSTR9 Annual Return
- Form 144 TDS Return Validation error
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- LLP audit and disclosure
- Import of Capital Machine
- Rectification under processing even after 6 months cpc portal
- Applicability of tax on invoice
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
