Related to interest on late payment of tds
This query is : Resolved
Raviraj R. Jain
(Querist)
26 June 2014
please solve this example.
Tds amount 10000
Date of payment :- 15/06/2013
Due date of payment :- 07/07/2013
Date of deposit:- 15/08/2013
date of order pass :- 16/ 09/2013
how to calculate intrest till date
Nikhil Kaushik
(Expert)
26 June 2014
interest is deductible for 3 months - June, July and August...
Rupesh Jain
(Expert)
26 June 2014
as per income tax 2 month but for TRACe it will 3 month.
Nikhil Kaushik
(Expert)
26 June 2014
Dear Rupesh as per income tax only it is three months...traces computation are also based on income tax provisions only..
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