interest on TDS

Sowmya.S.Balan (Paid Assistant) (749 Points)

13 July 2011  

Dear Friends,

Whether Interest on TDS is deductible on bill date basis or due date of payment basis. For example TDS is deducted on bill date 17.07.11 . But Tds paid on 18.08.2011 . Interest to be calculated for the month of august or for august & july. Please clarify my doubt