Interest on late tds deposition
This query is : Resolved
Natasha Mourya
(Querist)
21 May 2014
Dear All,
I deducted TDS for the month of March on 30 March 2014 Rs:- 200000 on u/s 192B on employees salaries which I would have deposited to Govt Department before 7th April 2014 but I could not deposit it to day I am gonna deposit of TDS already deducted in the month of March 2014 I want to know how many month of interest & rate of interest would be calculated on TDS deducted if I deposit TDS of Rs:- 200000 on 21 May 2014.
I deducted TDS for the month of March on 30 March 2014 Rs:- 200000 on u/s 192B on employees salaries which I would have deposited to Govt Department before 7th April 2014 but I could not deposit it to day I am gonna deposit of TDS already deducted in the month of March 2014 I want to know how many month of interest & rate of interest would be calculated on TDS deducted if I deposit TDS of Rs:- 200000 on 21 May 2014.
Rupesh Jain
(Expert)
21 May 2014
r/sir
for march month tds deposit date was 30.4.2014 not the 7.4.2014.
if you deposit the tds on today you have to deposit the tds with intt 2 month @ 1.5% per month = 3% of TDS amount Rs. 20000/-= 6000 and tds return filing date was 15.5.2014 if you are filing TDS return today then you have to pay fie Rs. 200 per day for 6 days = 200x6= 1200 .
for march month tds deposit date was 30.4.2014 not the 7.4.2014.
if you deposit the tds on today you have to deposit the tds with intt 2 month @ 1.5% per month = 3% of TDS amount Rs. 20000/-= 6000 and tds return filing date was 15.5.2014 if you are filing TDS return today then you have to pay fie Rs. 200 per day for 6 days = 200x6= 1200 .
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Natasha Mourya
(Querist)
21 May 2014
Its means TDS deducted in the month of march 2014 if deposited after 07 April 2014 then it will calculate interest for 2 month @ 1.50% per month. isn't.........?
01 August 2024
https://docs.google.com/document/d/1m7supl53M5-Yv3TbgEjAG5YwTVOwCPDqsRiG5gnrBnk/edit?usp=sharing
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