Income tax

sudheer (Accountant) (72 Points)

11 October 2011  

As per TDS rules “the due date for tds payment in March month. In old rules due date for tax deducted in month of march was 7 April and date to deposit tds deducted on provision on last day of financial year was 31.05 of next financial year”.  for the F.Y. 09-10

we have paid TDS on  bills which accounted on 31/03/2010,  tds paid on 31/05/2010.

But in our TIN NSDL - TAN account Defaults schedule showing 2 months of default and we have to pay late payment interest amount.