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Clarification on salary tds and e-tds return
Hi,
I have 2 queries :
1) If the salary for June is paid on 01st July (entry is also passed on 01st July), as for TDS on salary, the liability arises on actual payment, will the due date be 07th August?
2) In which quarter e-TDS return should this be considered? Q1 or Q2?
Replies (2)
yes you are right liability arises on actual payment. so you have to deduct tds on 01/07/2016 accordingly due date will be 7th august and of course it will be quarter 2
Thank you Karan
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