If i paid tds one day late
This query is : Resolved
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
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.
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.
11 June 2014
even if ur late by 1 day then u need to cal and pay for the whole 1 month .
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
12 June 2014
Nikhil your opinion is 100% correct.. 4.5% interest is leviable.
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
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- 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
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
