if I Have received a bill of professional Fee on 31.3.12 Bill date 30.12.11, I f I make the provision on 31.03.12,and deduct TDS on that bill , should we have pay interest on that. yet no payment has made. pls. help me
20 April 2012
No you will not have to pay interest on late deposit of TDS. Book the bill on 31/03/2012 and deduct TDS. Due date of deposit will be 30th April, 2012.
20 April 2012
No even that will not be required. Bill received by you on 31.03.2012 and you book it on the same day and deduct TDS. No interest need to be paid.
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