Tds
This query is : Resolved
23 August 2011
i have credited interest other than interest on securities on 31-03-2009 to party account Rs. 452963/-and deducted tax at source Rs. 51320/- @ 11.33% and deposited the same on 27-05-2009. does any interest liability arise on above TDS deposit.
23 August 2011
in your case no interest liability on TDS since accounted interest 31.3.09 and paid TDS before 31.5.09
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23 August 2011
Thanks ! I have confirmed that assessing officer demand notice for interest is not correct.
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