Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 January 2014
I received a bill in the month of june dated 07/05/2013...bill date is 30.04.2013.... I booked the bill on 7th june 2013 and deposit the TDS on 7th july.. Whether interest would be levied if so how it would be calculated and for what period....?
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Nikhil Kaushik
(Expert)
10 January 2014
no..interest not payable...the TDS become deductible on the date of payment..so if you make the payment on 7th june, you have to pay tds to govt by 7th july and no interest is applicable.
Ganeshbabu K
(Expert)
10 January 2014
tds appicable date of payment or date of expence which ever is earlier
.
.
if you have not made payment to party before june then in your case interest on tds will not attract and can be said tds deposited duly
.
.
if you have not made payment to party before june then in your case interest on tds will not attract and can be said tds deposited duly
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