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..
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
- Gst credit note by supplier
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Movement of goods by packers and movers - type of sale - Reg.
- Wrong CMPo8 file
- GST on reimbursement of expenses
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
