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Tds int calculation if tax deposited after sunday if day 7

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 February 2014 SIR, IF 7TH IS SUNDAY AND TDS IS DEPOSITED ON 8TH MONDAY THAN THERE WILL CALCULATION OF INTEREST AS DEFAULT
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Nischit Sanghavi

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Nischit Sanghavi (Expert)
19 February 2014 TDS should be deposited on or before 7th day of the month. If u deposit on 8th then TRACES will levy interest for 2 months. For TRACES always count 1 month extra.

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