CA Day celebration 2024 Easy Office
LCI Learning

due date for payment of tds

This query is : Resolved 

17 November 2008 hi

The due date of payment of tds is 7th of the following month, but i have deposited my tds at bank on 8th of the month, and the bank gave me the deposit date of 8th.
the date of clearing is 11th .
am i liable to pay interest for the delay payment of tds??
and which date is applicable for the payment of tds (as per income tax act)whether deposit date or claearing

17 November 2008 Yes you are liable for interest @ 1%.
Date of deposit is 8th of the month.

17 November 2008 per month interest rate is 1% even if it is part thereof.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query