banner_ad

Interest on tds

This query is : Resolved 
Profile Image

Profile Image

(Querist)
01 May 2014 Sir,

One of our clients has to pay TDS around Rs.25 Lakhs within 30th Apr'14 for the month of Mar'14. But he could pay some amount only after 8 pm of 30th Apr'14 due to site error. Does he liable to pay interest on such amount? If he liable to pay interest, then he has to pay interest for 3 months. That will be a huge amount. Is there any provision to get relief from payment of interest in such cases? Actually he has paid tax on 30th Apr'14 but the amount cleared on 1st May'14.

Pls reply
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
01 May 2014 Dear Siju,

transactions executed after clearing hours are posted for next day only. In your case tax for three days shall be applicable.
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
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

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

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

J SINGH & ASSOCIATES

Ahmedabad

CA Inter

View Details