duedate for payment of tds
This query is : Resolved
27 June 2009
what is the duedate of payment for tds deducted in the month of march.provisions of disallowances u\s 40(a)(i).
27 June 2009
The Finance Act 2008 has amended the section 40(a), w.r.e.f.01.04.2005.
As per section 200 (1) read with rule 30, In respect of Tax deducted on the last date on which accounts are made..due date is two months of expiration of the month in which that date falls. In other cases, it is one week from the end of the month.In simple terms...in case of Tax deducted on 31st march due date is 31st May....In other cases..due date is 7th of next month.
As per section 40(a)(ia)..in cases where TDS is deducted in the month of March but deposited within time given u/s 139(1), no disallowance will be made.In other cases, TDS has to be deposited till the last date of previous year.
As per section 200 (1) read with rule 30, In respect of Tax deducted on the last date on which accounts are made..due date is two months of expiration of the month in which that date falls. In other cases, it is one week from the end of the month.In simple terms...in case of Tax deducted on 31st march due date is 31st May....In other cases..due date is 7th of next month.
As per section 40(a)(ia)..in cases where TDS is deducted in the month of March but deposited within time given u/s 139(1), no disallowance will be made.In other cases, TDS has to be deposited till the last date of previous year.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
