Interest on late payment of tds calculation
This query is : Resolved
30 December 2013
Dear Sit,
I want to ask how interest on late payment of tds is calculated by department ?
e.g. If date of Deduction is 30.04.2012 (Due date : 07.05.2012) and
Actual Payment of TDS done on 12.06.2012
Is it 2 months delay or 3 months ?
i.e. interest on late payment of TDS @ 1.5 % is for 2 months in this case or for 3 months ?
I am asking this because received notice for default for 3 months delay for above example for one assessee.
Please help......
I want to ask how interest on late payment of tds is calculated by department ?
e.g. If date of Deduction is 30.04.2012 (Due date : 07.05.2012) and
Actual Payment of TDS done on 12.06.2012
Is it 2 months delay or 3 months ?
i.e. interest on late payment of TDS @ 1.5 % is for 2 months in this case or for 3 months ?
I am asking this because received notice for default for 3 months delay for above example for one assessee.
Please help......
30 December 2013
hi,
3 months for the above.
i.e 3*1.5= 4.5% on tds amount
Tnks,
3 months for the above.
i.e 3*1.5= 4.5% on tds amount
Tnks,
30 December 2013
hi,
refer bellow link:
https://www.simpletaxindia.net/2013/11/late-fees-for-etds-return-us-234e-can.html
Tnks.
refer bellow link:
https://www.simpletaxindia.net/2013/11/late-fees-for-etds-return-us-234e-can.html
Tnks.
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
