Interest on tds u/s 201

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 February 2013
Sir,
I would like to know about delay of interest on TDS u/s 201for how many months delayed Interest to deposit.
Say deduction on 8th January 2013 & Tds Deposit say on 8th Feb., 2013.

Please clarify.

Regards
Anil Jain
9312640067

CA Kishore Tallam

CA Kishore Tallam (Expert)
Follow

08 February 2013 Interest to be paid for 1 month only but whether 1% or 1.5% interest depends on whether u have deducted or not.

Querist : Anonymous

Querist : Anonymous (Querist)

08 February 2013 Thanks Mr. Kishore.
Tds deducted on the same day i.e. 08/01/2013.

sir, what would be the answer if,
i) we deducted TDS on say 15.12.2012 and deposited on 14.02.2013 and

ii) we deducted TDS on 15.12.2012 and deposited on 15.02.2013 and

iii) we deducted on 15.12.2012 and deposited on 16.02.2013.

Please reply for how many months interest to be paid in above three cases respectively.

Please Sir,

Thanks in advance.

Anil Jain
9312640067

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

18 August 2023

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Ashif Cheenikkal

Yandamuri yesu raju

Venkateshwaran Ekambaram

Rohit Sachdeva

CA Rahul Patwardhan

Subscribe Now

Interest on tds u/s 201

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA