06 June 2012
Dear Sir, As per My query, I am a proprietor of a firm I paid rent per month after deduct TDS i paid the rent of may month of 7/5/2012 after deduct the tds when i deposit the tds amount please confirm and also tell me can i depsoit tds Qtly After Deduct the tds on Monthly Rent and please give the detail as my concerned and as per your concerned.
06 June 2012
TDS deducted during a month is required to be deposited by the 7th of next month.
TDS deducted during the month of March is required to be deposited by 30th April.
If payment of expense is made on a monthly basis, TDS is required to be deducted on a monthly basis and is also required to be deposited on a monthy basis.