Accountant
47 Points
Joined September 2009
Well according to me the last date for Crediting the TDS deducted into Govt. account depends on the two basic situations.
Situation 1 :- If the TDS is deducted or credited on 31 Day of March in the books then it should be deposited till 31st may of the same Financial year otherwise the expenses on which u have deducted TDS will be disallowed.
Situation II : If TDS is credited at any of the day but before 31st day of march then last date is 07 of next month i.e 7 April and if deposited late will attaract an interest of 1% P.M