Tds deductibility

Page no : 2

aman (ACCOUNTANT) (29 Points)
Replied 06 February 2012

if paid 75000 in advance what will happen.

Hari Wadhwa (CA in Practice) (485 Points)
Replied 09 February 2012

Read the link below as well: -

/experts/interest-on-tds-887825.asp

susant khuntia (accountant) (25 Points)
Replied 01 September 2012

payment made Rs.5,00,000/- dated: 31.08.2011 but i can deducted tds so what can i do now

susant khuntia (accountant) (25 Points)
Replied 01 September 2012

payment made 31.08.2011 of Rs.5,00,000 but tds not deducted.

so pls tell me what can i do and which date interest calculate.

susant khuntia (accountant) (25 Points)
Replied 01 September 2012

payment is made of rs.5,00,000/- in 31.08.2011 but tds not deducted.

can i calculate tds interest from march 2012

Deepali (PRACTISING CHARTERED ACCOUNTANT) (26 Points)
Replied 07 September 2012

Dear Santosh,

If the payment has been done on 31-8-11 the the due date for paying TDs on the same would be 7-9-11. So in case the TDS has not been paid till this date then interest would be levied at 1% p.m. from Sep 11 till the month when the TDS has actually been paid to the Governement treasury. I hope this sufficces your requirements