Tds
This query is : Resolved
23 April 2014
An assessee pays rent annually for FY 2013-14.
He receives the bill for the same on 31.03.2014 and he books it in his books on the same date.
Now, for deduction of TDS, the due date for deduction for FY 2013-14 will be 31.03.2014. And TDS can be deposited till 30.04.2014
Accordingly, there will be no interest liability for late deduction or late deposit (Deposit before 30.04.2014)
Is this correct?
He receives the bill for the same on 31.03.2014 and he books it in his books on the same date.
Now, for deduction of TDS, the due date for deduction for FY 2013-14 will be 31.03.2014. And TDS can be deposited till 30.04.2014
Accordingly, there will be no interest liability for late deduction or late deposit (Deposit before 30.04.2014)
Is this correct?
23 April 2014
IF IT IS IN AGREEMENT THAT HE WILL GIVE BILL ANNUALY THEN ITS CORECT, IF IN AGREEMENT IT IS MONTHLY AND THEN YOU ARE DOING ANNUALY THEN ITS WRONG.
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