Interest calculation on tds
This query is : Resolved
22 January 2015
Date of deduction - 24-07-2014
Date Due Date for TDS Deposit - 07-08-2014
Date of Deposit - 12-08-2014
What is the period of delay for the calculation of Interest on TDS?? Could anyone please tell me about this provision??
Date Due Date for TDS Deposit - 07-08-2014
Date of Deposit - 12-08-2014
What is the period of delay for the calculation of Interest on TDS?? Could anyone please tell me about this provision??
22 January 2015
Interest on late deposit of TDS is to be paid @ 1.5% per month or part thereof.
In the given case Interest on late deposit of TDS is to be paid for two months i.e., 3% of the TDS amount.
In the given case Interest on late deposit of TDS is to be paid for two months i.e., 3% of the TDS amount.
Message likes :
1 times
22 January 2015
it will be taken for the date of deduction to data of deposit its will be for 2 month @ 3%.
Message likes :
1 times
23 January 2015
Could u please tell me how 2 months delay is calculated..??
23 January 2015
Could u please tell me how 2 months delay is calculated..??
23 January 2015
One month for July and one month for August. Interest is for one month or part thereof so two months interest to be paid.
Message likes :
1 times
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Rent lease agreement
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- CCFS 2026 Schemed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
