Int on late payment of TDS

This query is : Resolved

Guest

Guest (Querist)

07 June 2011 If TDS Entry as per books made on 30.04.2009 but no payment has been made yet.....i.e as on this date...07.06.2011.

If I want to pay with interest wt is the rate of interest applicable?

Is the rate of interest 1% or 1.5% rate applicable before 01.07.2010?

Thanks in advance...

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
Follow

07 June 2011 1 % per month from April,2009 to June,2010

1.5% per month from July,2010 to June,2011 (if paid till 29/06/2011).

Guest

Guest (Querist)

07 June 2011 Dear Sir

Can u pls tell me how to count the no: of days for 30.04.2009 to 01.06.2011.

Is 30.04.2009 includable while counting the no of days.

As per my calculation 27Months.
Is it right?

Thank u sir...

Guest

Guest (Querist)

07 June 2011 Dear Sir

Pls Tell me how to count the No of Months from 30.04.2009 to 01.06.2011

as per my count it is 27 months is it correct?(Including 30.04.2009 & 01.06.2011)

15 Months 1% Int
12 Months 1.5% Int

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
Follow

07 June 2011 You are right..............

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

NISHANT SIPANI

Amit Bhatkar

MAHESHA RAMANNA

J.Vijai

vinod

Subscribe Now

Int on late payment of TDS

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANCY

Article Assistant

GST CONSULTANT

Accountant