Commission to directors for ,say, F.Y. 2010-11 is decided on 30.9.2011 at the time of finalization and entry dtd. 31.3.2011 is passed for Commission without showing TDS and deduction for commission is claimed in that year i.e. A.Y. 2011-12.
The entry of TDS deduction is passed on 30th September 2011 of that date, and TDS amount is paid before 7th Oct. 2011. The Commission also is actually paid to the directors on 30.9.2011. Thus, there is no question, as such, of "late payment interest" as for Salary, TDS is on payment basis.
Now, while paying the TDS, which A.Y. should be selected in the challan? Also, the TDS should reflect in which e-TDS return - Q4 of F.Y. 2010-11 or Q2 of F.Y. 2011-12?
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