TDs payment-reg, Income Tax

[Ramakrishnan Seshadri]

Dear Sir,

I had a doubt on payment for TDS. We have paid TDs on 7th evening around 8 PM. But the Challan date generated is 8th. But in epayment list the date of transaction is 7th. Now the department has sent a notice for late payment of 1 day interest.

Now our question is whether the notice sent by the department is correct or we shall fight with the department.

Kindly clarify.

Thanks & Regards,

S.Ramakrishnan

Posts / Replies

[Ganeshan Kalyani]

Sir the notice sent by the department is correct. The payment date in your bank account is not considered as payment date. The date of clearance of the payment I.e. the Chapman generated date is considered as date of payment of tax. However in my view if you had genuine reason to make the payment on 7th but very late, you should put a request to the department . May your request me accepted by department. Thanks.