banner_ad

Tds

TDS / TCS 416 views 1 replies

Sir,

EXPERT

CAN TDS BE PAID FIRST TO GOVT , EVEN IF THE PAYMENT IS NOT MADE TO PARTY ON THE DAY BUT LATER.

 

SECONDLY WHAT ABOUT THE BILLS ACCOUNTED AT THE END OF THE YEAR , SHOULD TDS BE ACCOUNTED AND PAID TO GOVT, BECAUSE THE PAYMENTOF THE BILLS  TO THE PARTY WILL BE MADE IN 2012-13.

KINDLY SUGGEST

Replies (1)

TDS is requried to be made at the time of Credit or payment whichever is earlier.  Once TDS is made it should be mandatorily requried to be made within 7 days from the end of the month in whihc the deduction is made.  As TDS is an statutory payment it is reuried to be made within the due date even if the paymetn is not made to teh party.  As teh business is carried on by giveing/taking credit, he amount remaining payable to the creditor can be paid within the credit terms as mentioned on the bill. 

for the bills provided at the last day of the year,  TDS shall be made at that time & should be paid to the Cent. Govt before 30the April as it is again a statutory requrieemtn for TDS made on the last month.

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details