TDS query on provision made as on 31st march
This query is : Resolved
22 May 2009
When tax is deducted and amount on credited on the account of the recipient as on the last date of the account in year (31st March)
when is the due date of deduction of TDS?
pls provide me the relevant circular/notification
is it enxtended upto 30th september
when is the due date of deduction of TDS?
pls provide me the relevant circular/notification
is it enxtended upto 30th september
22 May 2009
If he made provision on the last day of the accounting year, he can deposit the TDS so deducted on or before 31st may that is 2 months from the end of the month.
However as per amendment made, he can deposit the entire TDS payable for the month of march (not only on the last day provisions/payments) before the due date for filing of return of income.
in such a situation assesse can escape from disallowance u/s 40a(ia), he is liable to pay interest for the default period that is from may 31 to the date of payment.
post your mail ID i will send you the notification
However as per amendment made, he can deposit the entire TDS payable for the month of march (not only on the last day provisions/payments) before the due date for filing of return of income.
in such a situation assesse can escape from disallowance u/s 40a(ia), he is liable to pay interest for the default period that is from may 31 to the date of payment.
post your mail ID i will send you the notification
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
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- ITR validation error - Balance sheet is not filled
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR returnFY25-26
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- Registration as Authorised Representative of minor
- Article ship defecit
- Bank Accounts in Balance Sheet for ITR 3
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
