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DUE DATE TO DEPOSIT TDS DEDUCTED AND PROVISIONS IN MARCH, 2011 IS 30TH APRIL, 2011

30 Apr

Due date to deposit the tax deducted on amount/Income paid in March 2011 and Tax deducted on provisions created in March 2011 is 30.04.2011. This is as per notification41/2010 dated 31.05.2010

 

Old rule: Many people have doubts regarding the due date for TDS payment in March month. In old rules due date for tax deducted in month of March was 7 April and date to deposit tds deducted on provision on last day of financial year was 31.05 of next financial year.

But the these rule has been amended and as per latest rule for tds deducted in march 2011, due date to deposit tax is 30.04.2011

So deposit tax on or before 30.04.2011.

TAX is deducted by Govt Department
1 Tax deposited without challan Same day
2 Tax deposited with Challan 7th of next month
3 Tax on perquisites opt to be deposited by the employer 7th of next month
TAX is deducted by other
1 Tax deductible in March 30th April of next year
2 Other months & tax on perquisites opted to be 7th of next month

(3)    Notwithstanding  anything  contained  in  sub Rule  (2),  in  special  cases,  the  Assessing Officer  may,  with  the  prior  approval  of  the  Joint  Commissioner,  permit  quarterly payment  of  the  tax  deducted  under  section  192  or  section  194A  or  section  194D  or section  194H  for  the  quarters  of  the  financial  year  specified  to  in  column  (2)  of  the Table below by the date referred to in column (3) of the said Table:

S.No. Quarter of Financial year ended Date of payment
1 30th June 7th July
2 30th September 7th Oct
3 31st Dec 7th January
4 31st March 30th April

PLEASE NOTE- TDS RETURN FOR MARCH 2011 TO BE FILED ON OR BEFORE 15.05.2011

 

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