Non payment of tds
This query is : Resolved
01 June 2016
Dear sir
I paid the tds amount relating to the period MARCH 2016.( DATE OF INVOICE IS 18-03-2016) as on 01.06.2016.I am aware that late payment interest is @1.5% per month.My question is that period of late payment is 4 months (march 2016, april 2016, may 2016 & june 2016) or not?
I paid the tds amount relating to the period MARCH 2016.( DATE OF INVOICE IS 18-03-2016) as on 01.06.2016.I am aware that late payment interest is @1.5% per month.My question is that period of late payment is 4 months (march 2016, april 2016, may 2016 & june 2016) or not?
01 June 2016
Yes it is 4 months late payment.
01 June 2016
4 months is considered as delay for the payment
01 June 2016
you have to pay 4 month intt. from the month in which you deducted the tax to deposit month.
01 June 2016
Dear sir
But i heard about the last date of payment of MARCH'2016 TDS is 30/04/2016.But this way, it shall be 3 months late payment to be calculated? (april, may and june 2016) kindly clarify
But i heard about the last date of payment of MARCH'2016 TDS is 30/04/2016.But this way, it shall be 3 months late payment to be calculated? (april, may and june 2016) kindly clarify
01 June 2016
That time limit is not applicable to late payers.
01 June 2016
the last date for payment is 30/04, however the default is to be reckoned from March itself. That is the beauty.
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