Tds due dates
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 July 2012
Can anyone please guide me about following :-
1) If our client has raised invoice in month of Jan., Feb & we had made the payment in June after deducting their TDS.
Now my query is, am i liable to pay penalty for late deposit of TDS or i can deposit it on 7th of this month without penalty.
1) If our client has raised invoice in month of Jan., Feb & we had made the payment in June after deducting their TDS.
Now my query is, am i liable to pay penalty for late deposit of TDS or i can deposit it on 7th of this month without penalty.
CA CS Amit S. Kedia
(Expert)
06 July 2012
There will not be any penalty, you will have to pay the interest @1.5 % per month and you will be eligible for the deduction of expenses.
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