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Tds submission related query

This query is : Resolved 
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(Querist)
03 August 2015 Dear All,
Please confirm, if we received invoice in may 2015.and we will deduct and deposit tds at the of payment in july 2015. Please confirm we are liable for any penalty or not .
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Taxguy

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Taxguy (Expert)
13 August 2015 It depends on the terms of payment/credit period. If the obligation to pay is in July, then there will be no penalty.
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