09 May 2011
Dear All, Thank You for your previous comments & solution.
As per Income Tax Act,1961 TDS shall be deducted at the time of payment or credited,whichever is earlier. But when credited parties bill we deducted tds, shall we deposited tds that time or at the time of payment?
09 May 2011
TDS should be paid to the credit of the Govt. - within 7 days from the end of the month when it is deducted - ONLY 31ST MARCH WHICH TDS DEDUCT ITS PAYAMENT WITHIN 30TH APRIL
CAclubindia
