Rate of interest for late payment of tds

This query is : Resolved

Valodkar Abhay Subhashbhai (Querist)
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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.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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04 May 2015 on which date u had entered the entry of provisions in books dear

Valodkar Abhay Subhashbhai

Valodkar Abhay Subhashbhai (Querist)
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04 May 2015 date of entry for provision is 31st March 2015.

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CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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04 May 2015 three month interest wil b charged at the rate of 1.5 % per month.. if deposited in may

http://blog.tdsman.com/2013/08/interest-on-late-deposit-of-tds-3-for-delay-of-one-day/

Valodkar Abhay Subhashbhai

Valodkar Abhay Subhashbhai (Querist)
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04 May 2015 Sir,
interest for delay in deduction is charge for such provision as 31-03-2015.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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04 May 2015 nopes... because u hadnt deducted late... u had deposited it late.. so interest for late deposit wil b there