Tds

For late payment of TDS, tds interest has to be calculated from date of invoice or date of payment.

Replies (3)

Read section 201 of income tax act.

Sir we have received invoice for courier service on 16/7/2016 but we have made payment on 15/11/2016, then when tds has to be paid to government and interest has to be paid from which date.

Hey tejas, interest on TDS is paid on month basis and not on date basis. So, interest has to be paid from the month tds was due to be paid (i.e. in your case it will be july month) till the month it is finally paid. And tds will be paid when you want to pay :)

Hence, if you want to pay less interest, i would recommend that you pay the tds by the end of january month. Otherwise interest for the month of Feb will also become payable.

 

Cheers !

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details