22 August 2009
Sir, (1) on 31-July-09 I have entered a bill in my accounting software the TDS amount deducted from that bill was Rs. 2500 but not paid till date. I am going to pay that tds on 29-Aug-09 so what will be the amount with interest?
(2) on 10-July-09 I have entered a bill in my accounting software the TDS amount deducted from that bill was Rs. 1500 but not paid till date. I am going to pay that tds on 29-Aug-09 so what will be the amount with interest?
22 August 2009
1. Interest for 1 month @ 1% p. m. If you can change the bill to 1st August then u wil save on interest. 2. Interest for 2 months @ 1% p. m. as interest to be calculated from the days on which tax was deducted.
CAclubindia
