tds payment

TDS 1059 views 11 replies

hey all.

the company is tendering the tds challan with in the due date but the cheque cleared on after the due date ,as crossed verfied by bank statement .

whether it is regarded as tds late payment .

 

Replies (11)

No, it is not late payment becoz  tendering date is taking as payement date.

Yes I agree with Jyothi, Presentation of cheque to the bank (Subject to realisation) is Considered while determining the late payment if any.

Jyoti is right.

okzz

but in that case the cheaque got bounced and than a freash cheqaue issued

then in that case this will be regarded as assesse in defualt..

 

Yes then it is late payment.(in case payment after due date)

jyoti is right

 

Yes Jyothi u r right

 

tds payments deatils plz send to me my email id

Hi Sandeep,

Always keep in one thing in mind, if u r doing verification for tds then always consider the date stamped on the challan of tds payment. That date is releavent to decide whether it is late payment or within due date.

Regards

Hi All,

If  a company pays charges for transportation outward in cash/chq. without bill whether TDS u/sec.194C will be applicable or not. Kindly reply.

 No it is not late payment.


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