Master TDS & TCS Provisions with Critical Issues. Register Now!

Clarification on salary tds and e-tds return

26 July 2016

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?

Reply
Follow
Share

2 Replies

CMA Poornima Madhava (CMA) (13112 Points)
Replied 26 July 2016

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.