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Tds on rent payable

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(Querist)
03 April 2013 Dear Sir,

We have paid our office rent Rs. 2,00,000/- Dt. 22/12/2012. We didnt deduct 10% TDS of Rs. 20000/- that Time. Today Dt. 3/4/13 we got the TDS amount of Rs. 20000/- return from our office owner. Could you pls. tell me the interest we have to pay while depositing the TDS to Govt. Let's assume that we will deposit the TDS by 7th of Aprl 2013.
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CA. RAGHAV GARG

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CA. RAGHAV GARG (Expert)
03 April 2013 4% OF rS 20000, BUT CHECK THE APPLICABILITY OF TDS ON YOU.
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Nilraj

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Nilraj (Querist)
04 April 2013 Sir, In above case the TDS payment will come in the assesment Year 2013-14 or 2014-15
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CA. RAGHAV GARG

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CA. RAGHAV GARG (Expert)
05 April 2013 Nilraj, it was your duty to deduct & Deposit TDS and you should do it at earliest. It doesnot matter when you receive the payment.


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