25 January 2009
In salary tds we are accounting tds in last day of the month in provison but payment made in next month i.e 10th in this case tds payment date is whether the same month 7th or next month 7th?
25 January 2009
Section 192 says tax is to be deducted monthly at the time of payment. So if salary is paid on 10th,tax is to be deducted on 10th and TDS should be remitted on 7th of next month.
25 January 2009
On a reconsideration of issue, I modify my above observation and agree with Sri Warrier that in respect of Salary for Apr 08 paid on 10th May 08, TDS should be remitted by 7th Jun 08
Also visit https://www.caclubindia.com/experts/experts_message_display.asp?group_id=28726
25 January 2009
Dear, There are two options.If u are crediting salary in the month end ,Then u have to make tds payment on the 7th of coming month.If there is no credit.u pay on the day of salry & then TDS is on other 7th of the month.
CAclubindia
