Interest on tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 August 2011 Dear Members

Whether Interest on TDS is deductible on bill date basis or month basis

please advise me as early as possible

Thnx in advance

Mahi Katara

31 August 2011 I cant clearly understand your question.

1. If you want to deduct the tds for the interest received or to be received or

2. If you filed the TDS return after the due date?

For 1. The actual cash received or the bill date whichever is earlier.

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 August 2011
Clarify under below

Whether Interest on TDS is deductible on bill date basis or due date of payment basis. For example TDS is deducted on bill date 11.06.11 . But Tds paid on 18.08.2011 . Interest to be calculated for the month of august or for august & june, july. Please clarify my doubt..and please given me relevant law

thanx in advance




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