Tds

This query is : Resolved 

20 September 2011 Sir,
I have deducted TDS on Rent on 1/4/11 but I didn't deposit
on 30/9/2011 I want to pay TDS along with interest
Pls tell me the preiod from which interest is calculated is it from 1/4/11 to 30/9/11
Or 1/5/11 to 30/9/11

relpy

20 September 2011 TDS for the month of April should have been deposited by 7th May, 2011.

Accordingly interest will be calculated from 8th May, 2011 to the date of payment.

For this purpose, part of the month will be considered as full month.

Further, interest will be deposited @ 1.5%


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