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payment of TDS

CA Final 525 views 3 replies

 

If a bill, due for payment which is liable to TDS, has been credited in books on 10th July whereas the tax has actually been deducted at source on 16th august and correspondingly deposited before 7th September!
 
My query is whether it would be said to be NON COMPLIANCE OF LATE DEDUCTION OF TAX OR NON COMPLIANCE OF LATE PAYMENT OF TDS AS WELL?
 
PLEASE REPLY
Replies (3)

tds is payable on credit or payment basis whichever is earlier.it had been credited on 10th july, it was liable to pay on 7th aug but as it was paid on 7th september it is a case of ON COMPLIANCE OF LATE PAYMENT OF TDS

it means there are TWO(2)  NON COMPLIANCES ?

hi

yes

there is both 2 non compliance  u asked.


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