Diwakar Mishra (Accountant) (136 Points)
13 August 2008When tax is deducted and amount on credited on the account of the recipient as on the last date of the accountin year (31st March)
Time limit for deposit of tax is within two months from the last date of the accounting year (31st May)
Question is if payment made on 31st march and not mere provision, time limit for tax deposit is two month or not ?
chintan patel
(Chartered Accountant)
(211 Points)
Replied 13 August 2008
TDS Should be deducted on payment or credit basis.In both d case last day is 31/5
Murali
(CA final cleared and CS final)
(102 Points)
Replied 13 August 2008
As per finance act 2008, the due date for payment of TDS deducted in the last month of previous year(march) is the due date for filing of returns for the assessee.
This is applicable for both payment and provision.
This amendment is applicable with retrospective effect from AY 05-06.
Manoj Kumar Chaudhary
(Service)
(45 Points)
Replied 13 August 2008
TDS deducted/ Payment made to parties or mere Provision on 31st Mar, then TDS should be deposited to Govt by 31st May
CA PRIKSHIT WADHWA
(CHARTERED ACCOUNTANT)
(339 Points)
Replied 13 August 2008
only mrali opinion is correct and upto date
CA PRIKSHIT WADHWA
(CHARTERED ACCOUNTANT)
(339 Points)
Replied 13 August 2008
only mrali opinion is correct and upto date
Puneet Bansal
(NGO)
(20 Points)
Replied 14 August 2008
In a Society as an accountant where TDS should be deducted apart from Salaries and how to file that TDS in taxation dept. Wats the process of deducing that TDS.
| Originally posted by :Murali | ||
| " | As per finance act 2008, the due date for payment of TDS deducted in the last month of previous year(march) is the due date for filing of returns for the assessee. This is applicable for both payment and provision. This amendment is applicable with retrospective effect from AY 05-06. |
" |
komal
(industrial training)
(22 Points)
Replied 20 September 2008
| Originally posted by :Murali | ||
| " | As per finance act 2008, the due date for payment of TDS deducted in the last month of previous year(march) is the due date for filing of returns for the assessee. This is applicable for both payment and provision. This amendment is applicable with retrospective effect from AY 05-06. |
" |
komal
(industrial training)
(22 Points)
Replied 20 September 2008
| Originally posted by :Murali | ||
| " | As per finance act 2008, the due date for payment of TDS deducted in the last month of previous year(march) is the due date for filing of returns for the assessee. This is applicable for both payment and provision. This amendment is applicable with retrospective effect from AY 05-06. |
" |
Amit Lipare
(Accountant )
(57 Points)
Replied 10 April 2009
if provision is made as on 31march for vendor bill which was provided labour
in accounting concept which entries are posting in the compay books and how its effect will be comes towards tds
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
CAclubindia
