Kumar Gaurav (Going...to be C.A soon...) (1624 Points)
19 February 2009Hellooo
Suppose i credited the payment in books on 25th of every month but paid the amount in 5th of next month. Then TDS should b deducted on 25th of month while crediting the amount and have to deposited on 7th of next month or should be deducted on 5th and then hav to deposited in next month 7th????
thnxxxxxxxx
CA.E.Deepan Chakravarthy
(CA and CS Executive)
(462 Points)
Replied 19 February 2009
Hello Gaurav,
In TDS sections, it is mentioned tax has to be deducted in the day of payment or in the day of credit which ever is earlier so, you should deduct in 25th itself and should pay in the 7th of subsequent month.
Regards
CA.E.Deepan Chakravarthy
(CA and CS Executive)
(462 Points)
Replied 19 February 2009
Hello Gaurav,
As per TDS provisions the tax to be deducted on the day of payment or on the day of credit whichever is earlier, so in your case tds has to be deducted in the day of credit i.e 25th of every month and should be paid 7th of subsequent month.
Regards
rajesh
(student)
(28 Points)
Replied 19 February 2009
| Originally posted by :Kumar Gaurav | ||
| " | Hellooo Suppose i credited the payment in books on 25th of every month but paid the amount in 5th of next month. Then TDS should b deducted on 25th of month while crediting the amount and have to deposited on 7th of next month or should be deducted on 5th and then hav to deposited in next month 7th???? thnxxxxxxxx |
" |
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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