TDS
This query is : Resolved
01 May 2010
Dear Sir,
Can I Deduct tds of more than one month salary from later one month salary?
Is it not necessory to deduct tds every month and deposit it.
when Should I deposit TDS on Salary and TDS on Contractors of april-10? Do these need separate challan Returns?
When is submited TDS Returns ? abouve two needs Separate Returns?
Thanks You in advance
With Regards
RAM
Can I Deduct tds of more than one month salary from later one month salary?
Is it not necessory to deduct tds every month and deposit it.
when Should I deposit TDS on Salary and TDS on Contractors of april-10? Do these need separate challan Returns?
When is submited TDS Returns ? abouve two needs Separate Returns?
Thanks You in advance
With Regards
RAM
01 May 2010
TDS to be deduct either credit or payment basis
when Paiment made or credited TDS to be deduct. and deposit up to 7th of next month
TDS return Quarterly basis.
seperet challan on section wise
when Paiment made or credited TDS to be deduct. and deposit up to 7th of next month
TDS return Quarterly basis.
seperet challan on section wise
01 May 2010
AGREE WITH EXPERT
01 May 2010
Tds Return of Contractor is filed in form 26Q while Tds return of salary is filed in 24Q.
Tds return is filed quarterly basis
1st Quarter April to June - 15 July
2nd Quarter July to Sept - 15 Oct
3rd Quarter Oct to Dec - 15 Jan
4th Quarter Jan- March - 15 June
Separte challan is required to depoisted as per Tds section.
TDs on salary is deducted on average rate of basis of annual salary. If any person salary exceeds exemption limit i.e 160000 after all deductions. Then Income tax payable is divided by 12 for average tds.
now you have to deducted tds on the basic of it.
Tds on salary is to be deducted monthly basic. If deducted more in any month, then in next month , you can deduct low. but you can't deduct all the tds at last.
Tds return is filed quarterly basis
1st Quarter April to June - 15 July
2nd Quarter July to Sept - 15 Oct
3rd Quarter Oct to Dec - 15 Jan
4th Quarter Jan- March - 15 June
Separte challan is required to depoisted as per Tds section.
TDs on salary is deducted on average rate of basis of annual salary. If any person salary exceeds exemption limit i.e 160000 after all deductions. Then Income tax payable is divided by 12 for average tds.
now you have to deducted tds on the basic of it.
Tds on salary is to be deducted monthly basic. If deducted more in any month, then in next month , you can deduct low. but you can't deduct all the tds at last.
01 May 2010
tds need to deduct either credit or payment which ever is earlier and returns on quarterly basis
02 May 2010
yes you Can Deduct tds of more than one month salary from later one month salary.
As per law you have to deduct tds every month and deposit
but practically one can deduct tds from later one month salary
you can refer bansalji reply which includes all the details regarding this query
As per law you have to deduct tds every month and deposit
but practically one can deduct tds from later one month salary
you can refer bansalji reply which includes all the details regarding this query
03 May 2010
agree with expert
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- 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
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
