TDS
This query is : Resolved
24 July 2020
Dear Sir,
if April 2020 Salary paid in May 2020 and deducted tds then what is due date of TDS payment, is it 7th May 2020 or 7th June 2020
Please reply
if April 2020 Salary paid in May 2020 and deducted tds then what is due date of TDS payment, is it 7th May 2020 or 7th June 2020
Please reply
24 July 2020
TDS due date is 7th june. As per sec 192, TDS to be deducted only on actual payment of salary and not on accrual basis.
25 July 2020
Dear Sir, Thanks for your reply, if we paid tds on 09/06/2020 delay of two days then interest need to be calculate or not
25 July 2020
Yes, interest would attract at 1.5% per month from the date of deduction to actual payment.
Hence if you select the TDS deduction date as 31.05.2020, then interest would be 3%.
Hence if you select the TDS deduction date as 31.05.2020, then interest would be 3%.
25 July 2020
Sir, Thanks but interest rate will 9% pa if paid within 30.06.20 as per notification no.35/2020
25 July 2020
Sir, Thanks but interest rate will 9% pa if paid within 30.06.20 as per notification no.35/2020
pls revert
pls revert
25 July 2020
Yes rightly said, the interest rate being 0.75% per month.
Hence, if you pay after 2 days, the interest rate turn out to be 1.5% (0.75+0.75).
Hence, if you pay after 2 days, the interest rate turn out to be 1.5% (0.75+0.75).
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
- Reporting Income under Section 44ADA
- Itr 1 processing
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- TDS ON CASH WITHDRAWALS...
- Article ship defecit
- Query regarding TDS on EPFO Higher Pension Arrears*
- Form 10BD Filling
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- Error whiling application of GST REFUND (ANNEXURE B)
- While filing GSTR9 accountant couldn't entered the ITC values in Table 6, in 9C it is not accepting
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
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
