Kavitha KS (MBA) (56 Points)
07 June 2018Hi,
The due date for TDS deducted for the month of March 2018 is 30th April 2018. We have done the TDS payment on 30th April 2018 morning. However as 30th April 2018 and 1st May 2018 was a bank holiday, the challan that was generated when payment was made (i.e. on 30th April, 2018) reflected the tender date as 2nd May, 2018.
Now because of this, we see an interest on late payment levied. However, we have made the payment in time. How do we resolve the issue with the traces?
Miss Mansi Bhojani
(Practicing Chartered Accountant)
(1736 Points)
Replied 07 June 2018
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 08 June 2018
Nikhil Kaushik
(Fellow CA)
(85761 Points)
Replied 08 June 2018
just a correction, the value date of your transaction is of May only. So do not expect any instant relief here. The bank holidays are advertised in advance and one is supposed to take note of it.
Also refer to a previous conversation on this issue: https://www.caclubindia.com/forum/tds-payment-due-date-460108.asp
Kavitha KS
(MBA)
(56 Points)
Replied 08 June 2018
April 30, 2018 was not a bank holiday in Bangalore. Moreover, as per our bank statement, the amount has been debited on 30th April, 2018 itself.
CAclubindia
