banner_ad

Intt on tds

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 January 2012 Please suggest.
Date of deduction of TDS is 25-Dec-2011
date of Deposit of TDs is 10-Jan-2012

Now the issue is that how many months intt to be deposited ?

As per Income Tax act Intt to be deposited for the period from actual deduction to actual Payment @ 1.5% per month or part of the month. i.e 25-Dec-2011 to 10-Jan -2012.
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
09 January 2012 You need to calculate 2 months interest such as Dec-11 one month and Jan-11 one month total 2 months 1.50x 2= 3 % interest as per sec.201(1A)
Profile Image

Nayan Das

Profile Image

Nayan Das (Expert)
10 January 2012 YOU NEED TO CALCULATE MONTH BECAUSE YOU ARE FAILED ONE DUE DATE SO HOW CAN YOU UNNECESSERY DEPOSIT ONE MONTH EXTRA INTREST ON TDS.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details