Interest on tds
This query is : Resolved
26 July 2012
My client had to deposit interest in Jan 2010 but he deposited it in May 2010.
Now we are paying the interest on late TDS. Should we pay the interest for those two months only or inerest for 2 months and interest on interest till date ?
Now we are paying the interest on late TDS. Should we pay the interest for those two months only or inerest for 2 months and interest on interest till date ?
26 July 2012
Please take a note.. there are 2 types of interest. One is as you rightly said i.e. late deduction of TDS. The second one, probably you are mistaking... i.e. late deposit of TDS.
26 July 2012
Sir,
We had deposited the TDS but not interest. Now we are depositing the interest.
We had deposited the TDS but not interest. Now we are depositing the interest.
26 July 2012
Pls Note that interest is to be paid from the date of deduction and not from due date of deposit of TDS.
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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Carriage Road Act, 2007 read with Carriage by Road Rules, 2011
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- Sec 44ada applicable only or both
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Taxability of Partnership firm for FY 2025-26
- RATE AND HSN CODE
- Portuguese Civil Code IT Return
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
