Contract tds

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Ravi Jhamb (Querist)
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04 April 2014 We received bill every 1st day for maintance service. we deduct tds 2% and i want to know we have to deposit tds on same month 7th date or else next month. Earlier we have deposited tds on every next month. should we deposit interest.

CA Jitender Sharma

CA Jitender Sharma (Expert)
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04 April 2014 Due Date for TDS Payment in case of Non-Govt Assessee:

S.No. Particulars Due Date
1 Tax Deductible in March 30th April

2. Other Months and Tax opted
to be deposited by the
employer 7th of next
month

Therefore you are doing right practice . need not to pay any interest.

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