Salary due on 30th september , salary paid on 10th october . Then what is the due date of tax deposit.
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Tds on salary
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7th October as salary was booked on 30th Sept
Liability accounted or paid whichever is earlier to be taken into account for TDS payment. If you book the liability in September then the tds payment will be next month before 7th.
Liability to deduct tax at source shall arise at the time of actual payment of salary and not at the time of accrual.
Liability to deduct tax at source shall arise at the time of actual payment of salary and not at the time of accrual.
If you make liability entries in March, will you deduct tds or not?
TDS to be deducted on liability also.
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