Tds payment
This query is : Resolved
26 April 2012
can anyone tell me what would be the last date for payment of TDS and filling of return relating of march month
26 April 2012
30 April is due date for deposit tds
15 May is due date for filing tds return
15 May is due date for filing tds return
26 April 2012
no no it (7th) was for April to Feb not for March deduction
26 April 2012
OK IS THERE ANY PROVISION THAT DEDUCTION ONLY ON 31ST MARCH IS TO BE PAID ON 31ST MAY
26 April 2012
Dear Neha,
TDS payment due date for March month is 30th April. You are also correct but this section was amended in last year budget so now only a single payment date is announced for payment of March month TDS is 30th April.
Hope your doubt is clear.
Thanks
TDS payment due date for March month is 30th April. You are also correct but this section was amended in last year budget so now only a single payment date is announced for payment of March month TDS is 30th April.
Hope your doubt is clear.
Thanks
26 April 2012
yeah m doubt is clear now, one more thing i want to knw what is the cash payment limit i.e 20000 or more then this??
26 April 2012
•Section 40A(3)(a) of the Income-tax Act, 1961 provides that any expenditure incurred in respect of which payment is made in a sum exceeding Rs.20,000/- otherwise than by an account payee cheque drawn on a bank or by an account payee bank draft, shall not be allowed as a deduction.However if payment is being made for plying, hiring or leasing goods carriages then Limit for these section is Rs 35000/-,instead Of 20000/-
So, It is for Business Expenditure. You can pay more than 20,000/- for any Capital Expenditure there is no restriction.
•Section 40A(3)(a) of the Income-tax Act, 1961 provides that any expenditure incurred in respect of which payment is made in a sum exceeding Rs.20,000/- otherwise than by an account payee cheque drawn on a bank or by an account payee bank draft, shall not be allowed as a deduction.However if payment is being made for plying, hiring or leasing goods carriages then Limit for these section is Rs 35000/-,instead Of 20000/-
So, It is for Business Expenditure. You can pay more than 20,000/- for any Capital Expenditure there is no restriction.
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26 April 2012
can u plz tell me what shows the branch balance in the book of head office, actualy in m books branch balance is 470000cr
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