i read in textbook that due date for payment of tds for preceeding month is 7th, and for entries made on 31/03 due date is 31/05.
practically many company will pass entries of entire month TDS on 31/03 to take advantage of above provision.
our client which deducted TDS on various dates in the month of march-10 made payment on 31/05. Are they liable for interest ? & what if entry for tds of entire month is passed on 31/03 ??