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Tds on remuneration to directors

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 May 2013 The director of a company is getting remuneration
but does not want to draw the same every month. Instead he wants
to draw the salary in March & pay the TDS in that month. Will
the Interest on TDS be calculated from April to March or can he
avoid this interest by showing that throughout the year he is not
withdrawing his remuneration.
The remuneration is withdrawn on 15th march
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Anil Sankar V

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Anil Sankar V (Expert)
08 May 2013 When is the amount credited in the books of account.
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Querist : Anonymous

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Querist : Anonymous (Querist)
08 May 2013 amount credited in books of accounts in March 15th
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Anil Sankar V

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Anil Sankar V (Expert)
08 May 2013 then interest is avoidable,but a question will be raised by the auditor..r u following mercantile system of accounting.

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