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salary tds return

yogesh dave (service) (376 Points)

31 January 2009

If salary of Dec 08 paid on 27th Jan 09 and TDS on 1st Feb 09, whether to consider the same in quarterly salary tds return for Dec quarter, if considered on the basis of provision whether the payment of tds will be considered as delayed?

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5 Replies

pankaj Agarwal (.) (51 Points)
Replied 31 January 2009

TDS on salary will be applicable on due basis and TDS will accordigly liable to be deposited.

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yogesh dave (service) (376 Points)
Replied 02 February 2009

my question is how to file quarterly return whether to show dec sal paid or to show it in mar quarter ?

Abhinav Agarwal (M.Com C.A SAP Consultant) (814 Points)
Replied 02 February 2009

HI..

My opinion is that you are filing TDS return for the Tax deducted during the Quarter and nopt for salary paid. If you are paying salary in the month of Jan for Dec, it should not be covered in Dec Qtr return. It should be covered in Qtr IV. You go as per the wordings of Act. It says that you need to deposit tax within 7 days from last date of the month in which DEDUCTION IS MADE.

Hope this will clarify

Regards,

yogesh dave (service) (376 Points)
Replied 02 February 2009

thanks, thats where i was got confused, now its cleared.

venkatakula (Student CA Final) (41 Points)
Replied 11 February 2009

Originally posted by :yogesh dave
"	If salary of Dec 08 paid on 27th Jan 09 and TDS on 1st Feb 09, whether to consider the same in quarterly salary tds return for Dec quarter, if considered on the basis of provision whether the payment of tds will be considered as delayed?	"

Yes delayed because TDS on Salary for the month of December 2008 Due for payment into the Central government on 07-01-2009, if Due entry passed on 31-12-2008. Even though the salary paid 27-01-2009.