TDS after 31 May

This query is : Resolved 

25 May 2009 What is position of TDS (accounting entries)if the bill is passed on which tds was there after 31 may that is the last day for submission of Tax deducted for 31/3/2009? I there any penality in Income tax for this

25 May 2009 Yes, Interest @ 1% p.m.


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