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Due Date of TDS Payment

Prakash Mali (Artical Assistant) (166 Points)

16 April 2012

WHAT IS DUE DATE OF TDS PAYMENT FOR THE MONTH OF MARCH 2012?

A. IF TDS BOOKED BETWEEN 01 MARCH TO 30TH MARCH.

B. IF TDS BOOKED ON 31ST MARCH 2012.

PLS REPLY

THANKS IN ADVANCE

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19 Replies

C.A. M.Com. Suhas A. Nagpure (CA) (1175 Points)
Replied 16 April 2012

Due date to deposit tax deducted(TDS) in March 2012 is 30.04.2012

Etds return due date for salary Q4(01.01.2012 to 31.03.2012) (form 24 Q) is 15.05.2012

Etds return due date for other than salaryQ4(01.01.2012 to 31.03.2012) (26q) is 15.05.2012

Due date for form 16(salary) Fy 2011-12 is 31.05.2012

Due date for Form 16A quarter four (01.01.2012 to 31.03.2012) is 30.05.2012

Old rule: Many people have a doubt regarding the due date for tds payment in March month. In old rules due date for tax deducted in month of March was 7 April and date to deposit tds deducted on provision on last day of financial year was 31.05 of next financial year.

Amended Rule: Rule has been amended and as per latest rule for tds deducted in march 2012 ,due date to deposit tax is 30.04.2012.(read text in red in rule 30 Given below)

Due date to deposit the tax deducted on amount/Income paid in March 2012 and Tax deducted on provisions created in March 2012 is 30.04.2012. This is as per notification 41/2010 dated 31.05.2010

5 Like

CA SALONI (CHARTERED ACCOUNTANT) (391 Points)
Replied 16 April 2012

yes prakash , in both the cases th edue date for payment is 30 apr

1 Like

CA PRAVEEN SINGH (MANAGER ACCOUNTS) (2277 Points)
Replied 16 April 2012

YES AGREE WITH ABOVE...SALONI

TDS DEDUCTED IN MARCH UP TO 31 MARCH IS TOBE DEPOSITED ON OR BEFORE 30 APRIL.

CA Rakesh Goenka (CA & CS) (872 Points)
Replied 16 April 2012

30 APRIL both the cases due date is 30-4-2012 okay

CA Pragya Gupta (Recently CA Qualified) (51 Points)
Replied 16 April 2012

Gud 1,thnx 4 sharng

subramanyam (Sr. Accountant) (28 Points)
Replied 16 April 2012

Thanks for sharing

Mihir Doshi (B.Com, CA, CS, LLB) (2187 Points)
Replied 16 April 2012

Due date is 30th April 2012......

Santosh (Student ( Final Year - New )) (348 Points)
Replied 17 April 2012

Originally posted by : Rakesh Goenka
	30 APRIL both the cases due date is 30-4-2012 okay

Ya Correct

kunal (CA) (46 Points)
Replied 17 April 2012

I agree with the above Opinion which is as per TDS Provision.

Arun (a) (25 Points)
Replied 18 April 2012

thanks for the awesome explanation

plus old rule also cleared doubts

CA Kiran Sutrave (CA) (428 Points)
Replied 19 April 2012

In both the cases due date for depositing the TDS amount is April 30.

RIZWAN AKHTAR (ACCOUNTS EXECUTIVE) (87 Points)
Replied 19 April 2012

Agree with all of above

Student (b) (875 Points)
Replied 22 April 2012

awesome explanation by Nagpure

Jemma (Accountant) (22 Points)
Replied 24 April 2012

Yes, I agree wih C.A. M.Com. Suhas A. Nagpure - As per latest Amendent due date to deposit tax deducted(TDS) in March 2012 is 30.04.2012Etds return due date for salary Q4(01.01.2012 to 31.03.2012) (form 24 Q) is 15.05.2012 and you can use Online TDS Software for efiling returns from anywhere anytime.