calculation is right
This query is : Resolved
Guest
Guest
(Querist)
10 November 2010
plz tell me int. of late pmt. of tds is 1.50% in uttarakhand. supose my tds is 1944 and i m deposit it after one days than calculation is 1944*1.50/100*1/12=2 is it right plz sir reply
10 November 2010
It is not correct, the you need to deposit 1.5% for a month not a year.
10 November 2010
Rtae of interest on late deposit of TDS is 1.5% per month or part there off. This rate is effective from 01.07.2010. Rate was 1 % till 30.06.2010.
So you will have to calculate TDS @1.5% p.m.
So you will have to calculate TDS @1.5% p.m.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- FEMA regulation Act. for inward remitance
- Grand in aid
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
