Interest on Oct. 2017 TDS waived
Voice of The Reader

Interest on Oct. 2017 TDS waived

December 19, 2017

Sir,

Due to certain technical issues faced by NSDL’s gateway for e-Payment of taxes on 7th November 2017, some tax payers/deductors were unable to make e-Payment of tax deducted/collected (TDS/TCS) for certain period on 7th November 2017.

In order to redress genuine hardship faced by such tax-payers/deductors, the Central Board of Direct Taxes in its circular extends the due date of deposit of tax deducted at source / tax collected at source (TDS/TCS) during the month of October, 2017 from 7th November, 2017 to 8th November, 2017.

Therefore, the deductors/collectors need not pay interest on such remittances of TDS/TCS which are deducted during October 2017 and remitted on 8th November 2017.

– N.D. Shreenivaas, Bhavani Associates,, Mysuru, 17.12.2017

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