Due date to deposit TDS

Vikas Bansal (C.A. Final Student) (112 Points)

01 April 2011  

The major change in new Tds rules 2010 is that now tax deducted in the full Month of March is to be deposited by the 30th April of next Financial year.Earlier tax deducted on provision on last day of the Financial year to be deposited by 31st May of next Financial year .But that clause was applicable only for the provisions created on last day of the financial year ,now tax deducted in whole month of March is required to be deposited by 30th April of immediately next Financial Year.