Int on tds late deposit
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 August 2011
sir my question is that, is there any exemption limit of tds amount on which interest is to be caloculated or not?
in income tax there is a limit of rs 5000. above this amount we have to calculate interest. same as is there any limit is allowed for late deposit of tds.
thanks in advance..
in income tax there is a limit of rs 5000. above this amount we have to calculate interest. same as is there any limit is allowed for late deposit of tds.
thanks in advance..
26 August 2011
No there is no such limit in case of TDS. Any amount of TDS deposited late, will have to calculate interest on late deposit @ 1.5% per month or part thereof.
CA Navin Jain
(Expert)
26 August 2011
There is no exemption limit about interest on late deposit of tds
26 August 2011
No such limit to calculate interest on belated payment of TDS.
CA Himanshu Sharma
(Expert)
27 February 2012
agree with all the experts
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