CA Krishna Chaitanya M (Chartered Accountant) (463 Points)
08 January 2013if any person deducted and deposited tds on same day , Is there any problem?
I mean date of payment is 06-12-2012, tds dedcted and deposited on same day 06-12-2012 , is it correct,?
otherwise we have to deposit the deducted amount after end of december upto 07-01-2013.
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 09 January 2013
You can deposit on or before 7th day after completion of month.
jafer
(studies)
(194 Points)
Replied 09 January 2013
| Originally posted by : Deepak Tapse | ||
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You can deposit on or before 7th day after completion of month. |
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correct !
CA Prashant Gupta
(DGM (F & A))
(14068 Points)
Replied 09 January 2013
I don't think there is any problem.
you can do that
CA Gopal Somani
(Associate Consultant at Infosys Ltd.)
(464 Points)
Replied 09 January 2013
Yes..No problem.
CA Sourabh Goenka
(Chartered Accountant)
(249 Points)
Replied 09 January 2013
chaitnaya,
Keep one rule that if you have deposited tax in the department, now no problem at all..
iss desh ki government ko paisa chaiye... bas vo mil jaye.. baki sab kuch adjust ho jata hai.. not a problem...
CA D.C. Bansal
(Accounts Head)
(283 Points)
Replied 10 January 2013
Due date given in the law is the last date by which you may deposit the tax. You may deposit the TDS any time before the due date even on the date of deduction.
CA Vanamala Phani Kumar
(Proprietor of M/s Vanamala and Co)
(972 Points)
Replied 10 January 2013
No Problem
CA DIGANT CHADHA
(Academician & Consultant)
(195 Points)
Replied 10 January 2013
Nikhil Kaushik
(Fellow CA)
(85743 Points)
Replied 12 January 2013
Chaitanya,
As Sourabh pointed out, as long as the govt gets the money, you are safe. You can even pay TDS in advance if you want and have excess cash in your account!!!
CAclubindia
