If salary of Dec 08 paid on 27th Jan 09 and TDS on 1st Feb 09, whether to consider the same in quarterly salary tds return for Dec quarter, if considered on the basis of provision whether the payment of tds will be considered as delayed?
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salary tds return
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TDS on salary will be applicable on due basis and TDS will accordigly liable to be deposited.
my question is how to file quarterly return whether to show dec sal paid or to show it in mar quarter ?
HI..
My opinion is that you are filing TDS return for the Tax deducted during the Quarter and nopt for salary paid. If you are paying salary in the month of Jan for Dec, it should not be covered in Dec Qtr return. It should be covered in Qtr IV. You go as per the wordings of Act. It says that you need to deposit tax within 7 days from last date of the month in which DEDUCTION IS MADE.
Hope this will clarify
Regards,
thanks, thats where i was got confused, now its cleared.
| Originally posted by :yogesh dave | ||
| " | If salary of Dec 08 paid on 27th Jan 09 and TDS on 1st Feb 09, whether to consider the same in quarterly salary tds return for Dec quarter, if considered on the basis of provision whether the payment of tds will be considered as delayed? | " |
Yes delayed because TDS on Salary for the month of December 2008 Due for payment into the Central government on 07-01-2009, if Due entry passed on 31-12-2008. Even though the salary paid 27-01-2009.
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