late payment tds interest
This query is : Resolved
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
26 July 2010
Duplication
https://www.caclubindia.com/experts/tds-433415.asp
https://www.caclubindia.com/experts/tds-433415.asp
26 July 2010
due date of tds payment 31/05/10 than interest count from june to aug
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
26 July 2010
thk u sir
26 July 2010
agreed with experts conversation....
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