my client deducted rent on on 31 St march 24 and deposited on 26th April 24.shall he pay any interest.
while filling 26QC the rate of tds mentioned 5%.
how will show the same 5 or 5%
4 Replies
Khush Trivedi
(3946 Points)
Replied 26 April 2024
As the TDS has deducted in the month of March of which the date for the deposition of TDS is 30th April hence the Actual deposit has been made on 26th April. Hence there is no requirement of payment of any interest
CA Anoop Kumar Sharma
(Accounts Manager)
(2065 Points)
Replied 26 April 2024
Yes, No interest will charged before 30.04.2024
Kundan
(ACCOUNTANT)
(62 Points)
Replied 27 April 2024
March TDS can be deposited by 30.04.2024, Hence No interest payable
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