Tds deposit

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

08 May 2012 Dear expert,
In case of a govt. deductor, tds challan should tenter at bank on the same day of deduction or the deductor has 7 days time after the day of deduction?
Please advise me?

AMIT MODI

AMIT MODI (Expert)
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08 May 2012 Two Point are:
1 TDS/TCS deducted or collected by the Govt. and Tax is paid without production of income tax Challan -> ON THE SAME DAY

2 TDS/TCS deducted or collected by the Govt. and Tax is deposited by income tax Challan ->
ON OR BEFORE 7 DAYS FROM THE END OF THE MONTH IN WHICH TAX IS DEDUCTED/ COLLECTED

Querist : Anonymous

Querist : Anonymous (Querist)

08 May 2012 what is the procedure, if tax is paying without production of income tax challan

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