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Tds due date

Rahul (Student CA Final ) (55 Points)

29 April 2014

Hi, what would be the due date for deposit of TDS deducted in month of March 2014 u/s 194IA? will it be 7th April or 30th April 2014.

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6 Replies

Arpit Pachisia (CA) (734 Points)
Replied 29 April 2014

Hello Rahul,

Due date for deposit of TDS deducted in the month of March 2014 u/s 194IA is 30th April 2014.

Thanking You

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Rahul (Student CA Final ) (55 Points)
Replied 29 April 2014

Thanks for the prompt reply. Is it simply because the act does not specify any thing about due date specifically for this section & hence provisions regarding due date for all other sections apply? Because I have come across certain forums where view of 7th April has been deducted.

Deepak Gupta (CA Student) (15922 Points)
Replied 29 April 2014

In case of sec. 194-IA, tax deducted in the month of March shall be deposited within 7th of April.
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As per sub-rule (2A) of rule 30 of Income-tax Rules, 1962,
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“Notwithstanding anything contained in sub-rule (1) or sub-rule (2), any sum deducted under section 194-IA shall be paid to the credit of the Central Government within a period of seven days from the end of the month in which the deduction is made and shall be accompanied by a challan-cum-statement in Form No. 26QB.”
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sub-rule (1) and (2) specifies the due dates for tax deducted by government and other than government respectively.
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But the beginning of sub-rule (2A) says that, “Notwithstanding anything contained in sub-rule (1) or sub-rule (2)…” It means that sub-rule (2A) will prevail.