Interest on default of tds
This query is : Resolved
10 October 2011
dear all,
please find the following details (default status of Our TDS) as per NSDL.
Date of deduction 30-JUN-2010
date of deposit 09-JUL-2010
due date 07-JUL-2010
TDS Amount 10100/-
no. of Months default 1
amount of Interest 146.00
according to the above the default period is 1 month is showing but interest is showing 146/-. as per our calculation one month default @ 1% pm is 101/-
kindly clarify
please find the following details (default status of Our TDS) as per NSDL.
Date of deduction 30-JUN-2010
date of deposit 09-JUL-2010
due date 07-JUL-2010
TDS Amount 10100/-
no. of Months default 1
amount of Interest 146.00
according to the above the default period is 1 month is showing but interest is showing 146/-. as per our calculation one month default @ 1% pm is 101/-
kindly clarify
11 October 2011
See, Int. Rate is 18% P.A
therefore, 10100*18%/12*1=151/-
pay it, it is correct.
therefore, 10100*18%/12*1=151/-
pay it, it is correct.
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
- ITR-Capital Gain
- CLOSING STOCK QUERY
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Sale of Mutual Funds In Diffirent Financial Years
- ITR 44AD SECTION
- Missed TDS
- Loss of interest in PF transfer from EPFO to Trust
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- NRI INSURANCE ADVISOR
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
