31 October 2013
if paid on 08.11.2013 then it would be assumed that salary for the month of october becomes due on 8th november but there must be a rule that salary becomes due on 8th of the next month only then you would be able to deposit on 07.12.13
31 October 2013
Mr.Ravi due date is important here if salart becomes due on last day of the month then tds to be deposited on 7th only doesnt matter salary is actualy paid on 5th or 8th However if salary becomes due on 7th or 8th of next month then you may deposit tds in next month i.e.december
31 October 2013
Mr.Aryan and Mr.tushar the person is asking for due date as he is confused so please reply on it he is not asking for penal provision may be he is aware of the same
31 October 2013
Miss Parun I was just answering the pelan provisions,
ya the law says that...we should deduct TDS on payment or accrued whichever is earliar....as in this case a salary is accrued on October so the due date of TDS deposit is 7th November...
31 October 2013
Dear author you should clear two points here . . when was the salary booked as expenditure october or november . . when was tds deducted entry made in books.. . . if you deducted tds in october you have deposit with in 7th of november,,if you deducted in november you have to deposit with in 7th of december . . no issues with date of payment... . . generally expenditure entry and tds entries will be done in october 31 st and after deducted advances if any and after making payroll adjustments what ever salary payable to employees will be transfered to "salary payable A/c" . . as and when company made payment salary payable will be closed,,if not paid for any employee it stays as unpaid salary . . so if above is the case 7th november would be due date of deposit for tds deducted . . comments if any will be invited!!!
CAclubindia
