tds

The last date for the TDS which is deducted on 31/03/09 was 31/05/09 and for all other deductions was 07/04/09. Yes you can deposit but you are required to pay interest along with the TDS amount.

Dear Pankaj Sir,

Its all ready too late, so u will be liable to interest & Penalty. However, one relief u have for the TDS liability for the month of March that if u deposit the TDS before the date of filing of Income tax return u will get deduction for the expenditure for the year 2008-09 itself. In other words, for the year 2008-09 u can deposit TDS anytime with interest & penalty. Except for the month of March, no expenditure on which tax was deductable but either tax has not been deducted or deducted but not paid till end  of 2008-09, will be allowed as deduction during the year 2008-09. These will be allowed during the year in which tax has been paid.

For any further clarification, revert back me.

Thanks & Regards,

Vibhash Sah