05 January 2018
Deposit date of TDS/TCS deducted in December is 7th January (Non-Government) i.e Sunday. My Query is whether TDS amount can be deposited on 8/01/2018 without penalty or interest.
05 January 2018
In pre-electronic era , by virtue of clause 10 of General Clauses Act,1897 r.a.w CBDT Circular 639 dated 13.11.1992, TDS can be deposited on 8-1-2018. But in this era, I am doubtful about the application of the above references.
05 January 2018
Yes... I agreed to both experts view.
In pre-electronic era we can pay both way for TDS (Cheque or Net banking). That time we can avail the benefit of NH / Sunday and will be pay 08 of the next day. Also it's applicable only "Online Banking" only...
Now, we can't avail the benefit for NH / Sunday. We will pay on or due date if it's Sunday or National Holiday...
CAclubindia
