In a particular case, advance payment was made on 10th October and bill was booked on 11th October. TDS was deducted on 11th instead of 10th and duly deposited before due date on 4th November. Will Interest of 1% on late deduction be charged in this case?
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Tds deducted late in same month
Replies (9)
I agree. No interest. For the sake of clarity, change the date of deduction as 10th itself
Interest is chargeable if TDS deposited after 7th day of following month. In your case ,no interest is attracted.
No interest chargeable
No interest is payable.
INTEREST WILL NOT LIE
On this situation no need to pay interest because TDS deductions was in same month...
Fr a simple so many people answer but few question remains un answeted why
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