14 March 2012
I have booked the invoice on 14/02/2012 & after 3 days dedcut tax @2% on 17/02/2012 made accordingly entry in books. In that case whether i have to pay interest on non deduction of tax at the time of bill booking date & at what rate. pls guide
14 March 2012
No it is not so. In any case you might be depositing the TDS by 07/03/2012 which is the due date for TDS to be deposited and in such a case there is no liability for interest.
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