Tds

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sanjay kumar (Querist)
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15 April 2015 Sir, one trust paid under 194j to a company on 02/02/2015 and deposited the tax on 04/03/2015. My question is that the trust will come under any interest liability on tax amount after filing the e-tds return.

CA Subham Verma

CA Subham Verma (Expert)
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15 April 2015 1) If the TDS is deducted in the month of March, Due date of deposit for the same is 30th April of next FY.

2) If the TDS is deducted in the month of other than March, Due date of deposit for the same is 7th of next month.

In your query Trust has deducted TDS on 02.02.2015 and deposited on 04.03.2015 i.e. before 7th march, hence interest liability on TDS will not arise.