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.
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.
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.
04 May 2015
nopes... because u hadnt deducted late... u had deposited it late.. so interest for late deposit wil b there
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