Interest on tds calculation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 June 2014 INTEREST ON TDS CALCULATION UNDER SECTION 201(1a)
DATE OF PAYMENT MEANS FROM WHICH DATE IT SHOULD BE CALCULATED.

Guest

Guest (Expert)

29 June 2014 from the date its due to pay

Querist : Anonymous

Querist : Anonymous (Querist)

29 June 2014 I AM NOT UNDERSTANDING YOUR REPLY PLEASE EXPLAIN WITH EXAMPLE ANKIT BOHRA JI.

Guest

Guest (Expert)

29 June 2014 https://www.caclubindia.com/articles/critical-analysis-of-section-201-1a-of-income-tax-act-12258.asp#.U6_tWpSSzfI

Querist : Anonymous

Querist : Anonymous (Querist)

29 June 2014 ANKIT BOHRA JI ,IF POSSIBLE THEN REPLY THIS QUESTION WITH SIMPLE TO UNDERSTAND BETTER.

Guest

Guest (Expert)

29 June 2014 dear everything is clearly stated in above link...

Guest

Guest (Expert)

29 June 2014 if tax was to be deducted on april but deducted in june and paid in august

then

for late deduction @ 1 % from april to june i.e. 3 months

and for late deposition @ 1.5 % from june to august i.e. for two months

Querist : Anonymous

Querist : Anonymous (Querist)

29 June 2014 ANKIT jI ,I AM JUST SIMPLE B.COM PURSUING STUDENT AND ARE YOU A QUALIFIED PROFESSIONAL .SO, YOUR KNOWLEDGE IS BETTER TO EXPLAIN REGARDING THAT MATTER .

Rupesh Jain

Rupesh Jain (Expert)
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30 June 2014 int will charge @ 1.50% per month or part of month
if you deduct the tax on 2.4.2014 then due date will upto 7.5.2014 if you deposit the tds on dt 8.5.2014 then one month intt. will charges.

it will be tds amount x 1.50%

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