interest on late payment of TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 January 2011
Sir,
Will you pls explain me solution of the following problem.
If my client has made payment of Commission to Mr.x (an Individual)of Rs. 15000 on 16/04/2010 and he is going to deposit the said Tax on 23/01/2011. How much interest is he liable to pay on the same? pls illustrate the calculation of interest;
Waiting for your reply.
Will you pls explain me solution of the following problem.
If my client has made payment of Commission to Mr.x (an Individual)of Rs. 15000 on 16/04/2010 and he is going to deposit the said Tax on 23/01/2011. How much interest is he liable to pay on the same? pls illustrate the calculation of interest;
Waiting for your reply.
20 January 2011
For April / May / June = 1 % for each month (Rs. 150/- for each month)
For July to January = 1.5 % for each month (Rs. 225 for each month)
For July to January = 1.5 % for each month (Rs. 225 for each month)
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
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- How do you manage client document collection and follow-ups in your CA/CS practice?
- ETDS return q4 25-26
- Capital gains in IT returns
- IMS (import of goods) ITC related
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- 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
- 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
