Interest on late payment of tds
This query is : Resolved
09 June 2013
i was deduct tds on 2nd April & deposit it to 6th june . the 1.5% interest is levied but how many month the interest of late payment is levied.
If i deposit above tds on 10th june then how many number of month the tds of late deposit is levied
If i deposit above tds on 10th june then how many number of month the tds of late deposit is levied
09 June 2013
Interest is to be caluculated for the period from the date of deduction to the date of deposit of tds..
in your case interest for the period is
=(2nd april to 6th june)
=2months+4days
part of months also to be considered as full month for the purpose of interest caluculation
Deposited:6th june
So interest to be caluculated for the 3 months @ 1.5% permonth.
Deposited: 10th june:
same as above
in your case interest for the period is
=(2nd april to 6th june)
=2months+4days
part of months also to be considered as full month for the purpose of interest caluculation
Deposited:6th june
So interest to be caluculated for the 3 months @ 1.5% permonth.
Deposited: 10th june:
same as above
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
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 2 Short Term gain & Long term gain
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- 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
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
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
