Last date of deposit of 31st March TDS

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 April 2010 As per act wording-
if the amount is credited in the payee account on the last dauy of the accounting year then same can be deposited within two months. i.e. 31st March TDS can be depsoited by 31st May.

if we pay the amount on the same date to the creditee/ payee den wat will be the date???

plz reply with justification

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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15 April 2010 Cut off date is 7th April.

sachin alwadhi

sachin alwadhi (Expert)
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15 April 2010 AGREE

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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15 April 2010 AGREE IF CREDITED ITS 31ST MAY OTHERWISE 7TH APRIL

Querist : Anonymous

Querist : Anonymous (Querist)

16 April 2010 If the amount has been credited on the last date and paid as well on the same date..
why can't be take the benefit...
bcoz it is mentioned only about credit in the account of payee.. there is nothing about provision or paid at all????

Aditya Maheshwari

Aditya Maheshwari (Expert)
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16 April 2010 The rules states that is where any income is credited by a person to the account of the payee as on the date up to which the accounts of such person are made, within two months of the expiration of the month in which that date falls. SO it states only credited and not where payment is made on the last date itself