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If i paid tds one day late

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(Querist)
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
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CA. Ankit Bhandari

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CA. Ankit Bhandari (Expert)
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.

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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
11 June 2014 even if ur late by 1 day then u need to cal and pay for the whole 1 month .
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
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
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CA Mehal Doshi

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CA Mehal Doshi (Expert)
12 June 2014 Nikhil your opinion is 100% correct.. 4.5% interest is leviable.
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