Clarification aboutTDS

Others 637 views 2 replies

TDS  Payment is made on Payment Basis or amount credit/paid to partyee which ever is earlier.  Seven days from  that date to end of that month.

Ex: 29-03-2009 Rs. 1,50,000/- rent credited to a party. But making payment to a party on 29-04-2009 & they are deducting TDS on 29-04-2009. they remitte TDS on before 7th of June 2009. isit correct this way or

They has to deduct TDS on giving credit to party date( i.e. 29-03-2009) & the remitt TDS before 7th April 2009

Which one is the correct method???????????

 

Replies (2)

TDS has to be remitted on or before April 7th. If the rent is credited on 31st March, then TDS has to be credited on or before 31st may

i agree with mr. pavan

 


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