Late payment of tds
This query is : Resolved
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..
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%
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.
13 August 2013
Thakq for your information sir..
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 on rent received on hardship compensation being rent on redevelopment of building
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Missed TDS
- IT returns for fresh job holders
- F&O reporting in ITR
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- 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
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
