Tds payment due date
This query is : Resolved
09 July 2015
For one payment transaction cheque has been deposited on 27th June in the bank but bank has cleared it on 1 July for the payment then whether this transaction to be consider for TDS payment for June month or can take this transaction in July and deduct TDS in July and make TDS payment till 7 th July?
09 July 2015
TDS to be deducted based on date of entry in Cash book and not the date of clearance of cheque. So TDS to be deducted in June.
Message likes :
1 times
09 July 2015
Yes, it is to be considered for June month. Service Tax has clear cut mandate on this in rules. Sahara India case law favors the view on treasury payments in such circumstances.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Bogus purchase treatment for it act gst dealer
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
