Due date for tds on provisional expenses

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 January 2014 Dear Sir,
Tds in books recognised due or payment whichever is earlier(except salaries).Practically i have a query tds was recognised on due basis but payment was not done then what is the due date for tds payment to dept

Thanks & Regards
Mahesh

AVTAR SINGH

AVTAR SINGH (Expert)
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28 January 2014 When the entry is made in the books, the TDS has to be deposited by 7th day of next month. But if the provision is made in March, then TDS is to be deposited by 30th April.

Querist : Anonymous

Querist : Anonymous (Querist)

28 January 2014 Deposited on 7 th but we not paid to respective person or company due to my company in losses then what will be the consequences..deposited amount can be adjusted with the company tax payable

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