For Government employees march salary given to april 1st day or working day but all other months paid in every month end. i want to file E-TDS return. whether i want include the march salary in 4th quarter or 1st quarter of nex year?
3 Replies
Hitesh Kaila
(TAX CONSULTANT)
(270 Points)
Replied 20 December 2012
in govt department a/c manitain cash basis so, march salary paid in april than this salary included in first quarter.
CA Aditya Lahoti
(Chartered Accountant)
(380 Points)
Replied 22 December 2012
as per my knowledge it must be included in 4Q.
Vineet Goyal
(Assistant Manager - Finance & Accounts)
(702 Points)
Replied 25 December 2012
TDS is deducted when amount is credited to that employee's account or paid whichever is earlier. So here, date of credit should be checked to see if it falls in the Q4 or not?
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