Interest for late payment
This query is : Resolved
13 August 2012
Sir
How is interest calculated on late payment of tds. Suppose we delay the payment by 5 days.How will it be worked out.Will the holidays in between will also be counted.
Premnath
How is interest calculated on late payment of tds. Suppose we delay the payment by 5 days.How will it be worked out.Will the holidays in between will also be counted.
Premnath
C.A Anshul Singhal
(Expert)
13 August 2012
Example-JULY TDS SHOULD BE DEPOISTED UPTO 7 AUGUST.
TDS AMOUNT-RS10000
YOU ARE PAYMENT OF TDS ON 12 AUGUST.
INTEREST---10000*1.5%=RS12.5
TDS AMOUNT-RS10000
YOU ARE PAYMENT OF TDS ON 12 AUGUST.
INTEREST---10000*1.5%=RS12.5
C.A Anshul Singhal
(Expert)
13 August 2012
HOLIDAY WILL BE COUNTED.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- MSME disclosure and disallowance
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Taxation of crypto futures in India Fy 2026- 2027
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
