We have received TDS Notice for Interest on Late payment from Traces in respect of clearance of payment of tds amount after 7th of particular,however we have submitted the same cheque before of due date on 05 of concern month .
So please guide us in regards What is Due date for tds Payment ???
(A)Date Of Submission Of Payment Through Out Cheque in bank . Or (B) Date Of Clearance Of Cheque through bank process.
09 July 2013
The date mentioned in the challan is the final date. Incase you have the bank counterfoil for submission of the challan with cheque on 5th, then you can reply with that you have submitted the payment on or before due date provided that particular date sufficient balance in your account to clear the TDS challans
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