Interest calculation on tds for late deposit
This query is : Resolved
B SRINIVAS
(Querist)
24 August 2012
Dear Sir,
Kindly tell me how interest can be calculated on late payment of tds if we deducted on 26th of the month is we add that month also of interest or we leave that month
Kindly tell me how interest can be calculated on late payment of tds if we deducted on 26th of the month is we add that month also of interest or we leave that month
Aditya Maheshwari
(Expert)
24 August 2012
calculate as a calender monthe i. e. from 26 - 25th of next month as one month.
Eg: if TDs deducted on 26th July and paid by tomorrow then only one months interest payable.
Eg: if TDs deducted on 26th July and paid by tomorrow then only one months interest payable.
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