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Tds deduction

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 February 2014 Dear Sir

We have received a bill for professional services in Nvember. But the payment is made in February. while making the paymetn we have deducted TDS of 10% on bill amount. Now does any interest on late deduction or payment of TDS will attract to this? If we deduct TDS in february and remitted with in the due date
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Arun Biyani

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Arun Biyani (Expert)
18 February 2014 yes, tds should be deducted in november and paid in first 7 days of december, so interest has to be paid..
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