Dear All
We are following calendar year as accounting year ( Jan to Dec ) for the purpose of statutory books of accounts and simultaneously we prepare tax balance sheet for the period Apr to March .
Query is related to the time of deposit tax .
We had credited the party account on the last date of the accounting year i.e 31.12.2008 . The due date for depositing the tax will be 7.1.2009 or on or before 28.2.2009 .
we do not avail the two month benefit for the period April to March .
Kindly provide solution !!
CAclubindia
