Tds deposit date

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ANSHUMAN KHANDELWAL (Querist)
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18 March 2009 hi,
pl let me clear in case of TDs U/s 192 on salary the date of deposit would be 31 Mar or 7 april ?
what would be the situation if salary paid for mar in April ?

Thanks in advance

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
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18 March 2009 Within one week from last day of the month in which tax was deducted.

tax deducted means at the time for payment See the date of payment and add 7 days from such payment date

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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18 March 2009 can u tell me when the salary of march becomes due?

ANSHUMAN KHANDELWAL

ANSHUMAN KHANDELWAL (Querist)
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18 March 2009 Sorry,Mr Manmohan as per 192(1)TDs on salary should be deducted at the time of payment to employee not on credited means the concept of "payment or at the time of deduction which ever is earlier" is not applicable in sec 192.

Devashish :salary of mar will due on april or means paid to employee on april.

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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18 March 2009 as it is due in april tds need to be deucted in month of april....and paid till 7th may

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