Nirdosh Agarwal (AGM TAXATION) (30 Points)
29 June 2009Z Limited has deducted Rs. 5.0 lacs U/s 194C on 31st March 2009 being the last day of the accounting year. It could not deposit by 31st May 2009. It wants to deposit TDS by 30th June 2009.
It will have to pay interest but for how many months U/s 201 keeping in mind that deduction of tax on last day of the accounting year could be deposited by 31st May 2009
sudhir gautam
(CA Final)
(145 Points)
Replied 29 June 2009
Dear Sir
Interest will be paid for the period defaulting in depositing TDS hence Intrest is to be deposited for the month of June 2009
CAclubindia
