Salary due on 30th september , salary paid on 10th october . Then what is the due date of tax deposit.
5 Replies
MUTHULAKSHMI
(Accounts Manager)
(75 Points)
Replied 04 June 2019
Liability accounted or paid whichever is earlier to be taken into account for TDS payment. If you book the liability in September then the tds payment will be next month before 7th.
arun
(junior lecturer)
(63 Points)
Replied 04 June 2019
Liability to deduct tax at source shall arise at the time of actual payment of salary and not at the time of accrual.
arun
(junior lecturer)
(63 Points)
Replied 04 June 2019
Liability to deduct tax at source shall arise at the time of actual payment of salary and not at the time of accrual.
MUTHULAKSHMI
(Accounts Manager)
(75 Points)
Replied 04 June 2019
If you make liability entries in March, will you deduct tds or not?
TDS to be deducted on liability also.
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