TDS Delay

N V Ram (Manager) (272 Points)

16 November 2010

Check Date is 7th

Bank Acknowledgement Date or Clearing Date is 10th

whether interest for delayed payment gets attracted ??

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2 Replies

Pradeep Jain (service) (143 Points)
Replied 16 November 2010

Hi,

Yes, Interest will attract as cheque date doesn't matter. What matter is the deposit date and clearing date.

Cheers

Pradeep Jain

Dhawal Mohnot (Practicing) (449 Points)
Replied 16 November 2010

Originally posted by : Aditya Maheshwari
	The decision of the GOI in Sahara Airlines v CCT (110 Taxman 378) and P. L. Haulwel Trailers Ltd. v DCIT (100 ITD 485) decision of the Chennai Tribunal the date of presentation has been considered as the date of payment.