Tds query

Yes it is Right if u hv deducted TDS which u hv earlier failed to deduct & paid it along with interest within due date for filling income tax return.the expenditure neednot be disallowed.

Absolutely right untill Department gets its share of tax and interest.

yes company has to deduct it on 07/02/13 but since it was to be deducted on 31/08/12 & 31/12/12. u have to pay a interest @ 1% of amount from 31/08/12 and 31/12/12 to 07/02/13 i.e for 7 months and 3months repectively

for more details refer https://www.simpletaxindia.net/2010/04/late-deposit-tds-pay-interest-15-pm.html

summary of provision

yes it is right.but interest is 1% for month or part of the month will be charge for late return.

Correct

yes it is right as co. afterward deduct tds and pay along with interest......