T.D.S

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 July 2010 Notice given by the department regarding deposit of TDS for the A.Yr 09-10 suggests that in case of a GOVERNMENT COMPANY TDS should be deposited same day.Whether view of department is correct or not.

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)
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12 July 2010 Yes. Tds deducted on payment made to Govt Compnay is required to be deposited on same day

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CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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12 July 2010 Upto 31st March 2009, in case of govt deductor , tds is to be deposited in same day. i.e AY 2009-10 , same day is correct.

afterward 1st April 2009 , now there is no limit of same day.

Please click on below link for detailed provisions.

http://www.taxguru.in/income-tax/summary-of-amendment-in-rules-for-tds-tcs-procedures-and-payments-furnishing-of-information-in-respect-of-payment-to-non-residents.html

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