hi ,
i have made an agreement to tell on 29 may to purchase a property and cut check dated 29 may.
the check was cleared in 4 june from bank.
should i require to pay the tax on 7th july or 7th June.
7th June, as transected in May
7 Replies
ashish khandelwal
(article)
(166 Points)
Replied 19 July 2016
what is the transaction date in this case--
1. date of agreement
2. date of check cut
3. date of payment made (i.e. check cleared date)
1. date of agreement
2. date of check cut
3. date of payment made (i.e. check cleared date)
Chandan Singhvi
(Very soon)
(254 Points)
Replied 19 July 2016
What is cut check date ? Can any explain
Chandan Singhvi
(Very soon)
(254 Points)
Replied 19 July 2016
What is cut check date ? Can any explain
Vishal Goel
(Chartered Accountant)
(1688 Points)
Replied 20 July 2016
Agree with Mr Dhirajlal
for TDS filing the date on which payment instrument is handed over to the seller is considered as Date of Payment.
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