Interest on late deposit of tds
This query is : Resolved
28 September 2013
Dear Experts
Please reply my confusion about Month calculation for determine interest on late deposit of TDS.Suppose
1 Dt of Deduction 5/04/2012
Dt of deposited 10/05/2012
Month will be 1 or 2 ????
2 Dt of Deduction 15/04/2012
Dt of Deposited 10/05/2012
Month will be 1 or 2 ????
according the above example again my qus. is that if one day delay for deposit then always calculate 2 month means there is no rule for 1 month.
Please reply my confusion about Month calculation for determine interest on late deposit of TDS.Suppose
1 Dt of Deduction 5/04/2012
Dt of deposited 10/05/2012
Month will be 1 or 2 ????
2 Dt of Deduction 15/04/2012
Dt of Deposited 10/05/2012
Month will be 1 or 2 ????
according the above example again my qus. is that if one day delay for deposit then always calculate 2 month means there is no rule for 1 month.
28 September 2013
From 05.04.12 to 10.05.12 -1month 5 days i.e.2 months
From 15.04.12 to 10.05.12-25 days i.e.1month
From 15.04.12 to 10.05.12-25 days i.e.1month
29 September 2013
thanks sir for ur reply,
but sir recently we have received a demand notice from traces wherein they have calculate 2 months in above 2nd case
but sir recently we have received a demand notice from traces wherein they have calculate 2 months in above 2nd case
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