01 June 2011
Dear Sir I have deducted tds on vendor bill. issue the check with deducted tds but i have not deposit tds in current month can i rectify it? if yes how? if no wht is correct way to short out?
01 June 2011
Deposit the TDS within 7th of next month from the date of deduction. In case of delay deposit the TDS along with penal interest of 1.5% p.m.