interest on tds
This query is : Resolved
Guest
Guest
(Querist)
08 April 2011
We have deducted TDS for FY 2010-11 on various payments but paid together the whole TDS in April 2011. Hence on default we paid interest, but we paid excess interest on TDS than we were liable to pay. Can we set off the excess interest paid in next year?
Plz relpy its urgent.
Plz relpy its urgent.
08 April 2011
No you can not set off. Further you should pay the TDS amount through different challans for different quarters and for TDS deducted under different sections.
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