Intt on tds
This query is : Resolved
23 May 2014
Hi, want to know date of deduction is 31.3.14 & date of date of deposit is 8.5.14, intt will be calculated for 2 months or 3 months.
23 May 2014
3 months..- 1. part of March, 2. whole of april and 3. part of May.
23 May 2014
You have to pay interest for two month.
->TDS has to be deposited 7th of following month.
->In case of year end deduction , TDS has to be submitted on 30th April.(TDS on salary 7th of April).
You are paid TDS on 8th May. so that you have to pay interest for 2 month.
Interest 1.5% per Month.
->TDS has to be deposited 7th of following month.
->In case of year end deduction , TDS has to be submitted on 30th April.(TDS on salary 7th of April).
You are paid TDS on 8th May. so that you have to pay interest for 2 month.
Interest 1.5% per Month.
23 May 2014
Girish,
please note that once payment is delayed, interest is counted from the initial day of deduction of taxes and not from the due date.
please note that once payment is delayed, interest is counted from the initial day of deduction of taxes and not from the due date.
23 May 2014
thanks for valuable opinion.
23 May 2014
yes. you are right Nikhil.
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
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- TDS _Long term Capital Gain ref.sec 214 Table 2
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Taxability of credit in canara bank ET & T section (NRO)
- ITR-3 File/Error Found
- Loss of interest in PF transfer from EPFO to Trust
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
