Interest on delay in payment of tds
Querist : Anonymous
Please tell me that what is the rate of Interest on delay in payment of TDS for the financial year 2010-11 and 2011-12 and what is the method of calculation of such interest.
Assume you deducted tax on 10th Jan but remitted on 9th jan i.e. after due date, then interest is for only one month. But if u have remitted TDS on 11th jan, then interest is for 2 months.
Assume TDS delayed is Rs. 1,000, then interest is Rs. 1,000 * 1.5% * 2 months = Rs. 30.
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Query regarding TDS on EPFO Higher Pension Arrears*
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
