Last date for payment of TDS for March11

TDS / TCS 8205 views 26 replies

S.R.Babu Shankar

CFO

111 Points Posted on 19 February 2011

Can you advise me the last date for payment of TDS deducted for the month of March 2011 under section 192, 194 and 195

Replies (26)

Pankaj Arora

Learner

3134 Points Posted on 19 February 2011

before 7th of june...

Vasanth

Chartered Accountant

168 Points Posted on 19 February 2011

i feel it is 7th april for cash entry for TDS u/s 192,194,195 and 30th april for book entry u/s 194,195.

Sumiti Jain

1364 Points Posted on 19 February 2011

Its 7th April if deducted from 1st March to 30th March &

30th April if deducted on 31st March

Nirav Worah

CHARTERED ACCOUNTANT

396 Points Posted on 19 February 2011

Tax deducted in whole month of March is required to be deposited by 30th April of immediately next Financial Year.

Ashish Sharma

Service

1028 Points Posted on 20 February 2011

section 192 for TDS deducted by or on behalf of Govt. on the date of deduction of TDS

CA.NAYAK .R.C

manager

22 Points Posted on 20 February 2011

TDS on salary and divident will be deposited by 7th of april and in any other case it will deposited by end of the 31st may.

CA KRISHNA KUMAR DARUKA

CHARTERED ACCOUNTANT

4458 Points Posted on 21 February 2011

Pl refer to rule given below:

“Time and mode of payment to Government account of tax deducted at source or tax paid under sub-section (1A) of section 192.

30.

(1) All sums deducted in accordance with the provisions of Chapter XVII-B by an office of the Government shall be paid to the credit of the Central Government -

(a) on the same day where the tax is paid without production of an income-tax challan; and

(b) on or before seven days from the end of the month in which the deduction is made or income-tax is due under sub-section (1A) of section 192, where tax is paid accompanied by an income-tax challan.

(2) All sums deducted in accordance with the provisions of Chapter XVII-B by deductors other than an office of the Government shall be paid to the credit of the Central Government -

(a) on or before 30^th day of April where the income or amount is credited or paid in the month of March; and

(b) in any other case, on or before seven days from the end of the month in which-

(i) the deduction is made; or

(ii) income-tax is due under sub-section (1A) of section 192.

(3) Notwithstanding anything contained in sub-rule (2), in special cases, the Assessing Officer may, with the prior approval of the Joint Commissioner, permit quarterly payment of the tax deducted under section 192 or section 194A or section 194D or section 194H for the quarters of the financial year specified to in column (2) of the Table below by the date referred to in column (3) of the said Table:-

Table

Sl. No.	Quarter of the Financial Year ended on	Date for quarterly payment
(1)	(2)	(3)
1.	30^th June	7^th July
2.	30^th September	7^th October
3.	31^st December	7^th January
4.	31^st March	30^th April.