Tds return

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
13 April 2012 Dear expert,
In case of govt. deductor, a payment made to contractor of Rs. 80000/- on 15-03-2012 and tds @ 2% is 1600/-. However the tds was deposited at bank on 18-03-2012 by cheque. Whether the interest liability will attract on part of deductor and what would be interest rate.
Please advise.

14 April 2012 NO. INTEREST LIABILITY ON THE DEDUCTOR AS TDS DEDUCTED IS DEPOSITED WITHIN THE DUE DATE

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 April 2012 however, govt. deductor is liable to deposit on same day?

14 April 2012 WHEN TDS DEDUCTED IS DEPOSITED WITHOUNT ACCOMPANYING THE INCOME TAX CHALLAN, ONLY THEN IS TO BE DEPOSITED ON THE SAME DAY.

OTHERWISE IT IS TO BE DEPOSITED WITHIN 7 DAYS

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 April 2012 whether the tds can be deposit without accompanying challan? if yes, then how the bank accepts the tax amount without challan?

15 April 2012 The experts are correct and I agree with them


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details