Assessment year for TDS Payment

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629 Points Posted on 27 April 2021
Dear experts,

I have to deposit tdS on petering March 2021. but Little confusion about assessment year so please advise for March 2021 rent tdS payment in which assessment year I have to select.
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On 27 April 2021 at 09:08 Report
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Quick Summary
This discussion clarifies the correct assessment year for TDS payments made for the financial year ending March 2021. The consensus is that for TDS payments relating to the financial year 2020-21 (FY 20-21), the relevant assessment year is 2021-22 (AY 21-22). This aligns with the general rule where the assessment year always follows the financial year.

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Chartered Accountant
24588 Points Posted on 27 April 2021
FY 20-21 AY 21-22
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On 27 April 2021 at 10:19
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3924 Points Posted on 27 April 2021
Assessment year 21-22
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On 27 April 2021 at 11:44
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Profession Business
28246 Points Posted on 27 April 2021
These are basics



always financial year is the previous year.
assessment year is next year.
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On 27 April 2021 at 15:30

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