rajesh (Accountant) (583 Points)
30 November 2010DEAR SIR
I AM PAID TDS IN F.Y. 08-09 ON INTEREST AND CONTRACTOR I.E. 94A AND 94C.
AMOUNT PAID/CREDITED IS 31/03/2009 FOR BOTH CATOGIRIES I.E. 94A AND 94C AND I WAS PAID TDS 27/05/2009 ACTUAL DUE DATE IS 31/05/2009. BUT IT DEPARTMENT WAS SENDING A LETTER TO US PLEASE PAID INTEREST FOR LATE DEPOSIT I THINK THIS IS WRONG I WAS PAID WITH IN THE DUE DATE PLEASE HELP IS THIS CORRECT OR NOT ITS URGENT
THANKING YOU
Due date to deposit TDS deducted under various section ,after the new tds rules 2010 is given below. The new rules are simple to understand .The major change is that now tax deducted in the full Month of March is to be deposited by the 30th April of next Financial year.Earlier tax deducted on provision on last day of the Financial year to be deposited by 31st May of next Financial year .But that clause was applicable only for the provisions created on last day of the financial year ,now tax deducted in whole month of March is required to be deposited by 30th April of immediately next Financial Year.Summary of new provisions if given below.
Note:This rules are applicable for Financial Year 2010-11 onwards .
For the TDS entry passed from 01.03.2009 to 30.03.2009----07.04.2009
For the TDS entry passed as on 31.03.2009 ---31.05.2009
If U pay it on 31.03.2009 instead of proivision/credit to payee a/c Your due date falls on or before 07.04.2009 ( if U make payment)
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