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Tds on contractor

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(Querist)
10 February 2012 IF A CONTRACTOR RAISE BILL ON 31.1.2012 AND THE RECEIVER OF THE BILL PASS IT ON 10.02.12 AND ALSO DEDUCT TDS ON THE BILL .
NOW WHAT AMT. OF THE TDS SHOULD BE DEPOSIT BY THE ASSESSEE

1 ACTUAL AMT OF TDS

OR

2 AMT OF TDS+ INTTEREST ON TDS

BECAUSE INV. IS RELATED TO LAST MONTH AND WE ARE DEDUCTING THE TDS IN NEXT MONTH
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
12 February 2012 Since work and invoice related to Jan-12, need to provide expenses during Jan-12 and TDS also the same time deductible. so it is late deduction hence interest is applicable
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