We know that the TDS deposit last date is 7th of following month but my query is IF on the 7th of the following month is sunday or holiday so we can deposit the TDS amount on next following working day or Preceding day as per law.
Please tell me ASAP with the notification no. as well.
10 September 2010
CBDT has clarified in its Circular No 676 of January 14, 1994, that if the last date for payment is a holiday, Section 10 of the General Clauses Act, 1897 will be applicable and, accordingly, the assessee can make the payment on the next immediately following working day and, in such cases, the mandatory interest leviable under Sections 234B and 234C would not be charged.
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