banner_ad

TDS

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 April 2009 If TDS Payment for the month of May-2008 was paid on 7th July,2008 without Interest, So when the Interest is Liable to be arise?
Profile Image

Ram Avtar Singh

Profile Image

Ram Avtar Singh (Expert)
29 April 2009 TDS may2008 payment date was 7th June-2008
after that Interest is liable.

But see fact of your quistion Its on payment basis. when payment made for credited.

once again see your books
Profile Image

taxindiaconnect

Profile Image

taxindiaconnect (Expert)
29 April 2009 The interest on non payment as per section 210 of IT Act arises from the date of deduction till the date of actual payment of TDS @ 1 for every month or part of the month. So if the TDS is deducted on 1st May and deposited on 7th July interedt for 3 months will be levied. One month for may 2nd month for june and 3rd for July. This hold true even if the TDS is deposited up to 31st July.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details