Late deduction of tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 May 2012
Dear Sir/Madam,
Ours is a Private Limited Co.During the Financial Year 2011-12 we had deducted TDS u/sec.194A on 31-03-12 which is to be deducted on 16-03-12.
Whether Interest on late deduction of Tds applicable in this case?
Please Reply.........
Ours is a Private Limited Co.During the Financial Year 2011-12 we had deducted TDS u/sec.194A on 31-03-12 which is to be deducted on 16-03-12.
Whether Interest on late deduction of Tds applicable in this case?
Please Reply.........
30 May 2012
YES, INTEREST FOR LATE DEDUCTION IS 1% PM PAYABLE AND INTEREST OF LATE PAYMENT IS 1.5% PM PAYABLE, FROM DUE DATE OF DEDUCTION/PAYMENT TO DATE DEDUCTION/PAYMENT.
30 May 2012
Please note that now the date of deposit in case of March payment is 30th April hence no interest on late payment would be applicable, if deposited on or before 30th April.
30 May 2012
Agree with Tarun Dhingra
but i have a doubt regarding late deduction of tds,
but i have a doubt regarding late deduction of tds,
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
- CAPITAL GAIN BASE ON NOTIFICATION
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- NRI starting business in India
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Resigning a auditor from the company for misconduct
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- EXPORT COMMERCIAL INVOICE HSN CODE
- Capital gain on sale and purchase of plot
- Form 140 tds
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
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
