If an invoice raised on the 30th of the month by my contractor and recieved by us in the subsequent month on the 15th when do i pay the TDS. I have already filed the return by then. Can I not pay it in the subsequent month.Please let me know.
From India, Delhi
Dear Chouhan
TDS means TAX DEDUCTED AT SOURCE. So it is payable only when the amount is deducted . You make the deduction when the payment is accounted or paid. It is not based on the bill date. So the amount of TDS deducted in a month is payable before 7th of the subsequent month.
Regards
VGKNAIRVKM
From India, Bangalore
1TDS means TAX DEDUCTED AT SOURCE. So it is payable only when the amount is deducted . You make the deduction when the payment is accounted or paid. It is not based on the bill date. So the amount of TDS deducted in a month is payable before 7th of the subsequent month.
Regards
VGKNAIRVKM
From India, Bangalore
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EPFO circular regarding TDS on Payment of Provident Fund.pdf
Amendment to Payment of Bonus Act 2015.jpg