Tds

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varun bansal (Querist)

07 January 2012 What is going to be the due date of deposit of TDS in the following case?

Tds has to be deducted on 05/05/2011
But,TDS was Deducted on 01/06/2011.
Last Date of Deposite of TDS .......(07/06/2011 or 07/07/2011)
Also tell me about implication of interest if
TDS was Deposited on 07/07/2011.

Aditya Maheshwari

Aditya Maheshwari (Expert)

07 January 2012 TDS due date 07/07/2011

interest
Late deduction 1 month @ 1% p. m.
Late Payment no interest as paid within due date.

BHAI(SAI) DUPARE

BHAI(SAI) DUPARE (Expert)

07 January 2012 dear aditya i am really confused in this case because tds has to be deducted on 05/05 then how date will be 07/07 instead of 07/06.
as per my suggetion due date is 07/06 & interest also to be paid.

Aditya Maheshwari

Aditya Maheshwari (Expert)

09 January 2012 Since TDS has been deducted late the due date of payment will be counted from date of deduction.

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