07 April 2010
If i am crediting one professional account amounting to Rs. 50000/- in our company account as on 31st March, 2010 (Last date of the year) and also make a payment on the same day (31st March, 2010) on that amount after deducting TDS @ 10% then which is the due date for payment of TDS liability - 7th April, 2010 or 31st May, 2010. In my opinion the due date is 31st May 2010. Am i right?
08 April 2010
No.only the provisions you are crediting the party ledger on 31.3.2010 is the due date is 31.5.2010 but thr payment also made on 31.3.2010 then the due date is 7.3.2010
CAclubindia
