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about tds

Kumar Gaurav (Going...to be C.A soon...) (1624 Points)

05 July 2007

hi all,

i have deducted tds on dated 26-05-07 while making payment and i want to know what is last date for depositing the same.

plz tell me is it 07-06-07 or 07-07-07

thx

gaurav

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9 Replies

Jitender (Chartered Accountant) (8724 Points)
Replied 05 July 2007

7-6-07

Shyam Lal Naik (Service) (6156 Points)
Replied 05 July 2007

It is 07-06-2007

Rohit Kumar Bhalotia (Chartered Accountant) (19 Points)
Replied 06 July 2007

Hi every body, I want one clarification on tds part.If a vendor is providing catering srevice (lunch and dinner provided by company to employees) to a company,wheather TDS is to be deducted on this. Vendor is doing billing on monthly basis. Every day company is giving order to the vendor that how many lunches or dinners required.

Sumit (Practice) (26 Points)
Replied 06 July 2007

tds deposit date for you 07/06/2007

Shyam Lal Naik (Service) (6156 Points)
Replied 25 July 2007

Hi Rohit, Your case is covered under Section 194C. It is a service contract and will be subjected to TDS @ 2%.

(Guest)

Hi, in continuation of Rohit's question what would be TDS implication if the employees are going out to have their lunch everyday to a nearby restorant.