Rate of interest for late payment of tds
This query is : Resolved
04 May 2015
sir,
If one bill of Rs.100000=00 considered as provision of expense for year 2014-15.But TDS on such bill amount is not paid till 3rd of May 2015.So pl guide how much month interest we have to paid.
If one bill of Rs.100000=00 considered as provision of expense for year 2014-15.But TDS on such bill amount is not paid till 3rd of May 2015.So pl guide how much month interest we have to paid.
CA AnKiT BoHrA (AB)
(Expert)
04 May 2015
on which date u had entered the entry of provisions in books dear
04 May 2015
date of entry for provision is 31st March 2015.
CA AnKiT BoHrA (AB)
(Expert)
04 May 2015
three month interest wil b charged at the rate of 1.5 % per month.. if deposited in may
https://blog.tdsman.com/2013/08/interest-on-late-deposit-of-tds-3-for-delay-of-one-day/
https://blog.tdsman.com/2013/08/interest-on-late-deposit-of-tds-3-for-delay-of-one-day/
04 May 2015
Sir,
interest for delay in deduction is charge for such provision as 31-03-2015.
interest for delay in deduction is charge for such provision as 31-03-2015.
CA AnKiT BoHrA (AB)
(Expert)
04 May 2015
nopes... because u hadnt deducted late... u had deposited it late.. so interest for late deposit wil b there
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
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- 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?
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
