Interest on tds


This query is : Resolved 

(Querist)
27 December 2013 Sir/Ma'am,
For the month of sept., TDS has been deducted on rent of Rs. 4000 and has been deposited on 9th of oct. No interest had been deducted and deposited thereof. Now, what should be the calculation of interest if I want to deposit the interest today (27/12/2013)?
Please give an urgent reply.

@VaibhavJ (Expert)
27 December 2013 Hi

Two month interest @ 1.5% p.m.

Thanks

Kunal Pahwa (Querist)
27 December 2013 Sir!
Will it be two months or four months? As it belonged to sept. and it's dec now.

@VaibhavJ (Expert)
27 December 2013 Hi

Its 1.5% p.m. for date of actual deduction to date of payment of TDS.

Thanks

Kunal Pahwa (Querist)
27 December 2013 Sir,
What if the department has raised a demand of 4 months(till the date of issue of notice)?

@VaibhavJ (Expert)
27 December 2013 Hi

They can not issue!


Kunal Pahwa (Querist)
27 December 2013 Thank you sir.

@VaibhavJ (Expert)
27 December 2013 Welcome!

Thanks


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