matter of sale tax int & panelty
This query is : Resolved
Guest
Guest
(Querist)
22 November 2010
good morning to all expert,
plz tell me my sale tax return for the month of sep"2010 is 989111 than plz tell me i am late to deposit it 9 days .now plz tell me will i paid int. or panelty or both paid
regards
raju
plz tell me my sale tax return for the month of sep"2010 is 989111 than plz tell me i am late to deposit it 9 days .now plz tell me will i paid int. or panelty or both paid
regards
raju
23 November 2010
if you have deposited tax timely then no need to pay any interest otherwise calculate the interest @ 1% p.month along with delay panelty of Rs. 100.00 per day (Rs. 900.00 for nine days) and deposit the both int. & panelty.
Guest
Guest
(Querist)
25 November 2010
thanks sir ,
but sir int. rate is 1.25% not 1%
but sir int. rate is 1.25% not 1%
25 November 2010
Tax Amount x Nos. of Days for delay x 16%
-----------------------------------------
365
-----------------------------------------
365
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Average Cost Of High Quality Diamonds
- ITR-3 File/Error Found
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Rental income of jointly held property
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
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
