TDS

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naveen kumar (Querist)
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21 October 2016 one bill of freight forwarder rs-57500 including service tax 15% dated 12.05.2016 but tds not deduct & full payment in this month but now tds deposit in 7th July so now how to calculate interest & late deduction interest...plz advise

Sandeep Dharar

Sandeep Dharar (Expert)
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22 October 2016 U can visit the following link to view the discussion regarding the topic, with our senior expert Mr. Ramesh Krishnan:-

https://www.caclubindia.com/experts/interest-on-late-deduction-and-late-payment-of-tds-1308429.asp

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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22 October 2016 If full payment is made in October and no liability created in the books then remit the TDS on or before 7/11/2016 no interest payable.

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naveen kumar

naveen kumar (Querist)
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16 November 2016 why .....? sir..plz tell me...

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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17 November 2016 The liability for TDS arises only when payment is made or liability created in the books of ac which ever is earlier. So interest liability arises counting from that date in case of late remittance.