TDS due date for booking in March

This query is : Resolved

Tamilendran A (Querist)
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27 December 2010 Hi,

I made some provisional entries on professional payments on 31st March 2010. What is the exact due date for making payment i.e., on or before 31st May 2010 or anyday before 30th September 2010.

If it is 30th September 2010, please give me the circular details.

Thanks

Tamizh

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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27 December 2010 Due date of Payment is 31st May 2010.
After that you will have to pay interest on late deposit of TDS @1% p.m. (1.5% p.m from 01.07.2010) But if you late deposit TDS along with interest before due date of filing of return the expenditure will be allowed as deduction.

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