CAN A COMPANY DEDUCT AND PAY TDS ON SALARY ON DUE BASIS
4 Replies
Bhavin Bhadra
(Job)
(174 Points)
Replied 08 June 2010
Dear Sonam,
TDS on Salary is payable on the basis of payment.
I.e withih 7 days from the payment of Salary.
SUNNY
(STUDENT CS)
(377 Points)
Replied 08 June 2010
yes company deduct tds on salary if your salary exceeds tds limit
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 08 June 2010
Pl calrify your question due date means salary due and tds payment due?
CA Nidhi Agarwal M.Com
(Internal audit manager)
(26 Points)
Replied 08 June 2010
TDS deduction liability raises on the basis of related expense bill credit in party a/c or date of payment whichever is earliet.So date of payment of salary doesn't matter and tds may be deducted if salary a/c is debited.For ex. tds from Jan month salary may be deducted on 31 jan. and payable upto 7 feb.whatever the payment date of jan month salary.
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
