Regarding tds interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 June 2014
April invoice we received today i .e 5/6/2014. right now we are Paying TDS SO,how much interest we need to calculate on that TDS.
April invoice we received today i .e 5/6/2014. right now we are Paying TDS SO,how much interest we need to calculate on that TDS.
Nikhil Kaushik
(Expert)
08 June 2014
if the invoice has been received in June and it is becoming payable now only, then no interest is to be levied. the expense should be booked in June itself and tds should be deducted and paid to govt by 7th July.
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