Late deduction of tds

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vineet sharma (Querist)
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23 September 2011 bill date 06.09.2010
bill has been recd by us on 14.09.2010
expenses booking date in the system - 12.12.2010

TDS deducted and booked on 14.12.2010 & paid before 7th Jan 2011 to the govt

whether the above transaction attract late TDS deduction?
pls reply fast

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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23 September 2011 TDS is required to be deducted on date of payment or credit whichever is earlier.

So in the given case Late deduction is not attracted, provided you did not make any payment to the party until after 14.12.2010.

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