Late tds deduction
This query is : Resolved
20 March 2015
Dear All,
Kindly advise me on following issue:
I had to deduct TDS on 15.04.2014 & I could not deduct the same & deducted on 15.07.2014 & deposited on same day. Now I'm calculating Interest on TDS as under:
Interest on TDS=5000x3/100=150.00
OR
Interest on TDS=5000x4/100=200.00
Kindly let me know which one is correct.
Also, I would like to know in which quarter detail of above deduction shall be furnished.
Thanks & Regards
Shoeb
Kindly advise me on following issue:
I had to deduct TDS on 15.04.2014 & I could not deduct the same & deducted on 15.07.2014 & deposited on same day. Now I'm calculating Interest on TDS as under:
Interest on TDS=5000x3/100=150.00
OR
Interest on TDS=5000x4/100=200.00
Kindly let me know which one is correct.
Also, I would like to know in which quarter detail of above deduction shall be furnished.
Thanks & Regards
Shoeb
Message likes :
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20 March 2015
The second one considering 4 months interest is correct. Furnish the details in second quarter return.
Message likes :
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