Calculation of interest on late payment of tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 May 2013
Dear Sir,
Please advice how to calculate Late Payment Interest from Date of Deposit of Tax till Date of Processing(C) as per defaults received from tdscpc
Please advice how to calculate Late Payment Interest from Date of Deposit of Tax till Date of Processing(C) as per defaults received from tdscpc
08 May 2013
There is no interest leviable on tds b/w date of deposit of tax and date of processing. Interest is levied on late payment of TDS @ 1.5% per month from the date of deduction of TDS till the date of actual payment. For the purpose of calculating interest, delay of even 1day in a month should be taken as complete month
24 June 2013
Yes I agree with the expert for payment of interest on delay on payment of TDS
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
