Tds
This query is : Resolved
30 July 2015
If bill of april received in May month and i entered in books in month may and Tds deducted paid in the month of may but late( let 14-05-2014).
So in this case late payment of tds Interest Calculated from which date?
So in this case late payment of tds Interest Calculated from which date?
30 July 2015
TDS needs to be deducted on the date of payment or credit whichever is earlier. SInce the bill was received in May, booked in may, and TDS deducted and deposited in May the question of interest do not arise. The due date of deposit of this TDS was 07.06.2014 but it was deposited on 14.05.2014. So it was deposited well in time.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- Ito add credit side of bank
- GSTR9 Annual Return
- Form 144 TDS Return Validation error
- Capital Gains Tax on Inherited Mutual Fund
- GST ITC as per notification 12/2023- central tax
- Rent agreement of House of deceased person
- Gift to nri relatives resides in usa
- LLP audit and disclosure
- Import of Capital Machine
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
