Payment of tds
This query is : Resolved
aitha sumanth
(Querist)
07 June 2014
If the TDS Payment is made through online on 7th of the preceding month after business hours of the bank,whether interest is to be paid for such amount.
Nikhil Kaushik
(Expert)
07 June 2014
yes. because such a transaction is recorded on the next working day.
aitha sumanth
(Querist)
07 June 2014
Thanks for your answer,But the challan generated online will be dated as 7th.Is it still required to pay interest?
Nikhil Kaushik
(Expert)
07 June 2014
no. if the challan gets the 7th as date, then no.
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