late payment tds interest
This query is : Resolved
CA Chintan Parikh
(Querist)
26 July 2010
Dear Sir,
after TDS return we make new entry in 31/03/2010 & due date of TDs payment is 31/05/2010 than we will pay TDs as on 07/8/10 than Tds on interest is count from Jun to aug 3 mopnth interest @3%
after TDS return we make new entry in 31/03/2010 & due date of TDs payment is 31/05/2010 than we will pay TDs as on 07/8/10 than Tds on interest is count from Jun to aug 3 mopnth interest @3%
26 July 2010
No. Interest will be---
April to June (1% p.m.)
July & Aug (1.5% p.m.)
Total Interest = 6% on TDS amount
April to June (1% p.m.)
July & Aug (1.5% p.m.)
Total Interest = 6% on TDS amount
Aditya Maheshwari
(Expert)
26 July 2010
Duplication
https://www.caclubindia.com/experts/tds-433415.asp
https://www.caclubindia.com/experts/tds-433415.asp
CA Chintan Parikh
(Querist)
26 July 2010
due date of tds payment 31/05/10 than interest count from june to aug
Aditya Maheshwari
(Expert)
26 July 2010
No interest to be counted from the date od deduction of TDS not the due date.
Read section 201(1A)
interest payable from the date on which such tax was deductible to the date on which such tax is actually paid
Read section 201(1A)
interest payable from the date on which such tax was deductible to the date on which such tax is actually paid
CA Chintan Parikh
(Querist)
26 July 2010
thk u sir
Murtaza I Bhagat
(Expert)
26 July 2010
agreed with experts conversation....
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
- EPF ECR NEW FILE SEP 17TH 2026
- GST on Renting godown to KFCSC for Storage of Raagi
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Oct 2025 Invoices
- Capitalgain tax purposes for valuation report compulsory
- Import of Software Service.
- TAX AUDIT ON PROFESSIONAL INCOME
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Capital Gail Exemption Certificate
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
