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Tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 April 2012 Dear expert,
In case of a government deductor, payment made to a contractor Rs. 200000/- on 15-03-2012 and TDS @ 2% Rs. 4000/- was deposited at bank on 18-03-2012 by cheque. Whether the interest will attract and what will be rate of interest.
Please advise.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
15 April 2012 What interest? since you paid the TDS with in due date no interest apply on TDS payment
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Querist : Anonymous

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Querist : Anonymous (Querist)
15 April 2012 as the govt. deductor is reqired to deposit on the same day of deduction and here is 3 days delay.
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