Tds

This query is : Resolved 

21 November 2013
PAYMENT U/S 94C

PAYMENT MADE ON 31-10-2012

TDS DEDUCTED ON 31-10-2012

PAYMENT MADE ON 08/11/2012


INTEREST IS CALCULATED FOR HOW MANY MONTH?

21 November 2013 interest is payable for a month at 1.5%

23 November 2013 I'm not agree with your answer.The interest is payable for 2 months because in the act it is given that interest will be calculated from the date of deduction also IT department calculates interest for 2 months in the same case.

23 November 2013 i agree with Krshnakumar ji....it is for two months only!! i mistyped. On the same day answered several queries stating that interest will be applicable for two months..Regards

Nikhil


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