If i paid tds one day late

This query is : Resolved

jayesh (Querist)
Follow

11 June 2014 helli sir, I paid TDS on 1 st may 2014 and due date is 30th april2014 so TDS is for interest on loan. so my question is how many month calculate for interest of late payment od TDS

CA. Ankit Bhandari

CA. Ankit Bhandari (Expert)
Follow

11 June 2014 hello jayesh,
If there is any delay in depositing the amont of TDS, interest shall be charged @ 1.5% per month or part of month from the Date on which TDS was Deducted till the Actual Date of Payment.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

11 June 2014 even if ur late by 1 day then u need to cal and pay for the whole 1 month .

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

11 June 2014 i believe the payment was for March 2014, so the interest payable shall be for three months. part of march, whole of april and part of may

Message likes : 1 times

CA Mehal Doshi

CA Mehal Doshi (Expert)
Follow

12 June 2014 Nikhil your opinion is 100% correct.. 4.5% interest is leviable.