Late payment of tds
This query is : Resolved
SANTOSH ACHARY
(Querist)
24 May 2012
for example payment dt. 15.4.2012, due date for tds payment 7.05.2012 but actual payment date of TDS is 15.07.2012.
my question is, "what is the delay period?"
1) 4 month i.e. 15 Apr 2012 to 15 July 2012
2) 3 month i.e. 07 May 2012 to 15 July 2012
Please help.
Thanks
Santosh Achary
my question is, "what is the delay period?"
1) 4 month i.e. 15 Apr 2012 to 15 July 2012
2) 3 month i.e. 07 May 2012 to 15 July 2012
Please help.
Thanks
Santosh Achary
CA Navin Jain
(Expert)
24 May 2012
3 MONTH FROM APRIL TO JUNE
CA PRAVEEN SINGH
(Expert)
24 May 2012
yes agree with above...
in the case of delay payment of tds..month will be counted from month in which bill is a/c for...
in the case of delay payment of tds..month will be counted from month in which bill is a/c for...
SANTOSH ACHARY
(Querist)
13 July 2012
for example payment dt. 15.4.2012, due date for tds payment 7.05.2012 but actual payment date of TDS is 15.07.2012.
my question is, "what is the delay period?"
1) 4 month i.e. 15 Apr 2012 to 15 July 2012
2) 3 month i.e. 07 May 2012 to 15 July 2012
Please help.
Thanks
Santosh Achary
my question is, "what is the delay period?"
1) 4 month i.e. 15 Apr 2012 to 15 July 2012
2) 3 month i.e. 07 May 2012 to 15 July 2012
Please help.
Thanks
Santosh Achary
CA Navin Jain
(Expert)
13 July 2012
4 months
15 apr to 15 july
15 apr to 15 july
SANTOSH ACHARY
(Querist)
13 July 2012
DEAR SIR LAST QUESTION
for example payment dt. 15.4.2012, due date for tds payment 7.05.2012 but actual payment date of TDS is 10.07.2012.
my question is, "what is the delay period?"
1) 4 month i.e. 15 Apr 2012 to 10 July 2012
2) 3 month i.e. 07 May 2012 to 10 July 2012
Please help.
Thanks
Santosh Achary
for example payment dt. 15.4.2012, due date for tds payment 7.05.2012 but actual payment date of TDS is 10.07.2012.
my question is, "what is the delay period?"
1) 4 month i.e. 15 Apr 2012 to 10 July 2012
2) 3 month i.e. 07 May 2012 to 10 July 2012
Please help.
Thanks
Santosh Achary
02 August 2024
In the context of TDS (Tax Deducted at Source) payments, the delay period for calculating penalties or interest is based on the due date of the TDS payment, not the date when the tax was deducted. The due date for TDS payment is the date by which the TDS amount must be deposited with the government.
Given your example:
- **Date of deduction:** 15 April 2012
- **Due date for TDS payment:** 7 May 2012
- **Actual payment date:** 10 July 2012
### Delay Period Calculation:
**1. Delay from Due Date:**
The delay period for penalty and interest calculation is based on the period between the due date for payment and the actual payment date.
- **Due date for TDS payment:** 7 May 2012
- **Actual payment date:** 10 July 2012
To calculate the delay:
- From 7 May 2012 to 10 July 2012 is 2 months and 3 days.
So the delay period for interest and penalty calculation is **2 months and 3 days**.
**2. The period from the date of deduction to the due date is not used to calculate the delay.**
Therefore, the correct delay period in your case is **2 months and 3 days** (from the due date of 7 May 2012 to the actual payment date of 10 July 2012).
Given your example:
- **Date of deduction:** 15 April 2012
- **Due date for TDS payment:** 7 May 2012
- **Actual payment date:** 10 July 2012
### Delay Period Calculation:
**1. Delay from Due Date:**
The delay period for penalty and interest calculation is based on the period between the due date for payment and the actual payment date.
- **Due date for TDS payment:** 7 May 2012
- **Actual payment date:** 10 July 2012
To calculate the delay:
- From 7 May 2012 to 10 July 2012 is 2 months and 3 days.
So the delay period for interest and penalty calculation is **2 months and 3 days**.
**2. The period from the date of deduction to the due date is not used to calculate the delay.**
Therefore, the correct delay period in your case is **2 months and 3 days** (from the due date of 7 May 2012 to the actual payment date of 10 July 2012).
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