Menu
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)
Tax at source should be deposited within 7 days from end of the month in which it is deducted. In case of salary, tax has to be deducted at source at the time of payment. Hence as I understand, the date of deduction (in this case) would be 1st July and due date for payment would be 7th August and hence the same to be considered in Q2 return.
Thank you Poornima.
Recent Threads
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
- Change if place of business l
- Purchase from unregistered dealer garments busines
- TDS DEDUCTED BUT NOT PAID BY EMPLOYER
- GST RCM GTA
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
Related Threads
CAclubindia
