Late payment of tds
This query is : Resolved
A.JAGADEEP
(Querist)
13 August 2013
Sir,
If a company deduct TDS from a customer on 10-7-2012 and same had been deposited on 15-8-2012.
Then how much interest should company will pay and give the calculation also..
If a company deduct TDS from a customer on 10-7-2012 and same had been deposited on 15-8-2012.
Then how much interest should company will pay and give the calculation also..
CA UMESH DULAL
(Expert)
13 August 2013
1.5% for the month of July
and 1.5% for the month of Aug
totaling 3%
and 1.5% for the month of Aug
totaling 3%
A.JAGADEEP
(Querist)
13 August 2013
For the calculation of Interest, which date will consider.. either 10-7-2012 or 7-8-2012 ???
13 August 2013
Date of deduction to be considered. Interest for period of date of deduction till date of payment. In the given case interest to be paid for 2 months i.e., 3% of the TDS amount.
A.JAGADEEP
(Querist)
13 August 2013
Thakq for your information sir..
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