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We have received Bills of Aug-2008 for contract charges. I
have passed the bills in Dec-2008. So, we will pay intrest
on tds or not?

Question Posted / vish shah


We have received Bills of Aug-2008 for contract charges. I have passed the bills in Dec-2008. So, ..

Answer / p. navaneetha krishnan


I understood from ur query, that Aug 2008 bills was
considered in accounts only Dec 2008. In this screanio
Interest on will not appear provided if paid in January
2009 without fail and with appropriate rate applicable.

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