TDS payment on salary
This query is : Resolved
CA. Jyoti Baid
(Querist)
28 April 2009
Dear Sir/ Madam,
What is the due date of payment of TDS deducted on salary for the month of march. The salary for the month of march is paid on 4th April,2009 and the provision for the same is made on 31.03.2009
Regards, Jyoti Baid
What is the due date of payment of TDS deducted on salary for the month of march. The salary for the month of march is paid on 4th April,2009 and the provision for the same is made on 31.03.2009
Regards, Jyoti Baid
chetan soni
(Expert)
28 April 2009
the due date for payment was 7th April.
CA. Jyoti Baid
(Querist)
28 April 2009
Thanks for the reply
But can you please quote the section or rule where it is mentioned
As per me it is-
"tax should be deposited within one week from the last day of the month in which tax is deducted"
Since tax is deduted on 4.04.09 while making the payment , so tds should be deposited on 7.05.09
But can you please quote the section or rule where it is mentioned
As per me it is-
"tax should be deposited within one week from the last day of the month in which tax is deducted"
Since tax is deduted on 4.04.09 while making the payment , so tds should be deposited on 7.05.09
28 April 2009
If your TDS is being liablity before 31st march, then it
should be paid on 7th april. It means if you paid the party
before 31st march, then tds will be liable to be paid before
7th april (next mnth). If u Provision TDS on 31st march
then u can pay before 31st may. TDS on salary for the m/o
March will be liable to pay before 7th april.
Hence if it was a provision it was 31st May
But as it is paid in April you can pay upto 7th May
should be paid on 7th april. It means if you paid the party
before 31st march, then tds will be liable to be paid before
7th april (next mnth). If u Provision TDS on 31st march
then u can pay before 31st may. TDS on salary for the m/o
March will be liable to pay before 7th april.
Hence if it was a provision it was 31st May
But as it is paid in April you can pay upto 7th May
CA. Jyoti Baid
(Querist)
28 April 2009
Thanks for the reply
so what is due date of Tds payment in this case of salary, please calrify.
so what is due date of Tds payment in this case of salary, please calrify.
28 April 2009
Ms.Jyoti,your understanding is correct. Last date is 7th may 2009.
CA. Jyoti Baid
(Querist)
28 April 2009
.
CA Tilak Raj Sharma
(Expert)
28 April 2009
Good discussion......now close it as i think everything is resolved. Do anything left Jyoti?
Murtaza I Bhagat
(Expert)
01 December 2009
right
Vishnu Saboo
(Expert)
26 December 2009
i think if provision has been made, tax due on that time and payable accordingly.
date of payment is immateriail in this case.
date of payment is immateriail in this case.
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
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Non filing of I T Returns
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- SALARY CAN BE CAPITALIZE
- TDS on purchase of under construction property from a reseller
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
