Interest Calculation
This query is : Resolved
05 March 2008
How to calculate Interest on TDS [ On 10.04.2007 a sum of Rs. 55000/- paid towards labour payment but no TDS were deducted at there time. on 29.02.2008 Rs. 1133/- Deducted as TDS on that amount @ 2.06% & on 07.03.2008 TDS is to be deposit with Interest. How to calculate the Interest Amount @ 1% p.m. on Rs. 1133/-. How many months interest is to be calculat.
05 March 2008
interest @ 1% per month for the default period
06 March 2008
Int is calculated @1% per month or part thereof for the period of default
06 March 2008
1% p.m. you can check share files there is software for interest calculations
06 March 2008
How to calculate Interest on TDS [ On 10.04.2007 a sum of Rs. 55000/- paid towards labour payment but no TDS were deducted at there time. on 29.02.2008 Rs. 1133/- Deducted as TDS on that amount @ 2.06% & on 07.03.2008 TDS is to be deposit with Interest. How to calculate the Interest Amount @ 1% p.m. on Rs. 1133/-. How many months interest is to be calculat.
06 March 2008
TDS AMOUNT 1133.00
Interest @1% per month 124.63
(for 11 months)
-------------------------------------
TOTAL 1257.63/-.
Interest @1% per month 124.63
(for 11 months)
-------------------------------------
TOTAL 1257.63/-.
07 March 2008
Its 1 % per month..
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
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- Clubbing of Income - Minor
- Regarding Individuals Retuned to India and Resident currently
- Excess salary payment.
- Provision for loans that are under Revenue Recovery
- Form 121-contradictory opinions
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- 3cd- cash system of accounting is allowed?
- URD SEPARATE INVOICE
- Is Personal Guarantee of Director is Compulsory in case of loan to company ??
- Ltcg 54ec bonds
- GSTR-1A How to update Invoice
- Cash gift by grand mother to her grand daughter
- 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
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
