prithviraj mohandoss (Finance associates) (143 Points)
03 April 2013Hi, would like to know TDS on Salary Deduction Remittance and Vendor Deduction Remittance Date.... As Far as i Know TDS on Salary payment 7th April other than Salary 31.st April 2013. Advice
Khushbu Jaiswal
(CA Finalist)
(528 Points)
Replied 03 April 2013
The deduction date is date of Payment or credit whichever is earlier.
The remmittence date is 30th April for TDS deducted in the month of march whether it is TDS on salary or TDS on other than salary.
CA Kumar Mukesh
(CA CMA FINAL and Advance Excel Trainer)
(6881 Points)
Replied 03 April 2013
| Originally posted by : Khushbu Jaiswal | ||
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The deduction date is date of Payment or credit whichever is earlier. The remmittence date is 30th April for TDS deducted in the month of march whether it is TDS on salary or TDS on other than salary. |
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Please read Section 192 properly & note that TDS on salary required to deducted only at the time of making payments to employees.
The general rule of Credit or Payment whichever is earlier is not applicable here.
Hopes it may help you lot
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