Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 May 2012 sir..

There is a some bill of contractor relating to march month,i receive today ie 8th may.

if i a/c for these bill...& tds deducted in may month.
then does there is any interest liability.for tds.payment as bill is relating to march month.
Thanks in advance.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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09 May 2012 You are booking the bill upon receipt i.e. in the may 12. So book the bill on 8th march deduct TDS and deposit the TDS on or before 07th June. No need to pay any interest.

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