Tds


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Querist : Anonymous

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Querist : Anonymous (Querist)
24 September 2012 The asessee has deducted interest on 4th july Rs. 6000 , but deposited on 4th November .

SO from which date the interest on tds shall be calculated ?

From 4th July or from 7th August ?

25 September 2012 From 7th August as due date of Payment for July is 07/08.


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Querist : Anonymous

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Querist : Anonymous (Querist)
25 September 2012 But Sir , as per Sec 201(1A) & 206C(7) , The interest on late payment of TDS has to be submitted

" From the date on which tax was deductible to the date on which tax is actually deducted ".

So , Should not the interest be calculated from 4th july in the above case ?




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