Tds deductibility

Page no : 2

aman (ACCOUNTANT) (29 Points)
Replied 06 February 2012

if paid 75000 in advance what will happen.

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Hari Wadhwa (CA in Practice) (485 Points)
Replied 09 February 2012

Read the link below as well: -

/experts/interest-on-tds-887825.asp

susant khuntia (accountant) (25 Points)
Replied 01 September 2012

payment made Rs.5,00,000/- dated: 31.08.2011 but i can deducted tds so what can i do now

susant khuntia (accountant) (25 Points)
Replied 01 September 2012

payment made 31.08.2011 of Rs.5,00,000 but tds not deducted.

so pls tell me what can i do and which date interest calculate.

susant khuntia (accountant) (25 Points)
Replied 01 September 2012

payment is made of rs.5,00,000/- in 31.08.2011 but tds not deducted.

can i calculate tds interest from march 2012

Deepali (PRACTISING CHARTERED ACCOUNTANT) (26 Points)
Replied 07 September 2012

Dear Santosh,

If the payment has been done on 31-8-11 the the due date for paying TDs on the same would be 7-9-11. So in case the TDS has not been paid till this date then interest would be levied at 1% p.m. from Sep 11 till the month when the TDS has actually been paid to the Governement treasury. I hope this sufficces your requirements