16 January 2009
we have make a provision entry for Directors Commission (Section Code 192B) with TDS deduction and credited to directors account on 31-03-2008 but till date the net commission after deducting TDS was not paid to directors what is the due date for TDS Payment to Govt.pl clarify till date we have not paid the TDS also we have to pay the interest on late payment of TDS or not
16 January 2009
For amounts credited to individual Directors accounts on 31st Mar 08, due date for TDS remittance is 31st May 08, irrespective of whether you paid net amounts to individual Directors or not.
If you have not so far made TDS remittance, you are obviously liable for interest
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