Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 January 2014 I received a bill in the month of june dated 07/05/2013...bill date is 30.04.2013.... I booked the bill on 7th june 2013 and deposit the TDS on 7th july.. Whether interest would be levied if so how it would be calculated and for what period....?

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Hemant Kumar

Hemant Kumar (Expert)
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10 January 2014 If you have booked this bill on 7th June and deducted tds and deposited in 7th july then no interest would be levied on this amount. But if you have given any advance payment against this bill and tds not deducted on advance payment then interest would be levied.