Late payment of tds

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A.JAGADEEP (Querist)
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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..

CA UMESH DULAL

CA UMESH DULAL (Expert)
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13 August 2013 1.5% for the month of July
and 1.5% for the month of Aug
totaling 3%

A.JAGADEEP

A.JAGADEEP (Querist)
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13 August 2013 For the calculation of Interest, which date will consider.. either 10-7-2012 or 7-8-2012 ???

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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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

A.JAGADEEP (Querist)
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13 August 2013 Thakq for your information sir..

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