Tds int calculation if tax deposited after sunday if day 7
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 February 2014
SIR, IF 7TH IS SUNDAY AND TDS IS DEPOSITED ON 8TH MONDAY THAN THERE WILL CALCULATION OF INTEREST AS DEFAULT
Nischit Sanghavi
(Expert)
19 February 2014
TDS should be deposited on or before 7th day of the month. If u deposit on 8th then TRACES will levy interest for 2 months. For TRACES always count 1 month extra.
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