As TDS is to be deposited by 7th of the next month, but if it is Sunday , can we deposit it on 8th of the next month
DOes it amount to default made as per provision of Income Tax Act, 1961
Bhawna Upadhyay (Power Industry) (87 Points)
19 November 2009As TDS is to be deposited by 7th of the next month, but if it is Sunday , can we deposit it on 8th of the next month
DOes it amount to default made as per provision of Income Tax Act, 1961
Chetan D.
(Management Accountant)
(89 Points)
Replied 19 November 2009
| Originally posted by :Bhawna | ||
| " | As TDS is to be deposited by 7th of the next month, but if it is Sunday , can we deposit it on 8th of the next month DOes it amount to default made as per provision of Income Tax Act, 1961 |
" |
No default. If the due date is public holiday then it can be deposited subsequent day of such holiday...
RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 19 November 2009
If due date is a public holiday then TDS is required to be deposited upto a day before due date.
thus the due date in this case will be considered as 6th and interest @ 1% is to be deposited.
Regards,
CA Ritesh Kothari
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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