Ankit Taprania
(CA FINAL )
(542 Points)
Replied 03 January 2016
TDS is a income tax provision . so calender year ( jan - dec ) will not be followed , does'nt matter the company is preparing accounts for the calender year .
company has to follow TDS provisions taking the year as FINANCIAL YEAR ( april - march).
Due date of making the payment of TDS:
1. Tax deductablie in month of march : 30th APRIL of next year
2. Other months : 7th of next month.
Hardik
(ASST. MANAGER)
(87 Points)
Replied 03 April 2016
Dear Sir,
One Little confustion, we are also making a provsion for Audit Fees for our CY Dec-16 for 3 months (Jan-Mar) for some amount, where as the entire bill amount is different, moreover the bill will be raised after Apr Date, what amount needs to be deducted as TDS?
Regards,
Hardik
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