Interest on TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 December 2010
Dear all,
Payment made for expenses in the month of may 2010 and TDS has been Credited during the month of august 2010 and payment made during the month of sept 2010, what should be interest for Delay for credit as well as payment of TDS calculation?
Payment made for expenses in the month of may 2010 and TDS has been Credited during the month of august 2010 and payment made during the month of sept 2010, what should be interest for Delay for credit as well as payment of TDS calculation?
CMA Ramesh Krishnan
(Expert)
22 December 2010
Interest need to be calculate from the actual liability arisen date.so calculate from May-2010
Interest is May-2010 to June-2010 = 2%
Interest from July-2010 to Sep-2010=4.5%
Total = 6.50%
Interest is May-2010 to June-2010 = 2%
Interest from July-2010 to Sep-2010=4.5%
Total = 6.50%
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
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Non filing of I T Returns
- TDS on Fixed Assets purchased
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on purchase of under construction property from a reseller
- Capitalgain tax purposes for valuation report compulsory
- SALARY CAN BE CAPITALIZE
- TAX AUDIT ON PROFESSIONAL INCOME
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
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
