Tds
This query is : Resolved
Kishan Vaidya
(Querist)
07 August 2012
if bill date - 20/9/11
and if I deduct TDS on 2/11/11
then how many months will be calculated for the interest for late deducting TDS?..2 or 3....plsssss reply soon........
and if I deduct TDS on 2/11/11
then how many months will be calculated for the interest for late deducting TDS?..2 or 3....plsssss reply soon........
Amol S Joglekar
(Expert)
07 August 2012
It should be calculated from the date of payment
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Kishan Vaidya
(Querist)
07 August 2012
no..not like that..my question is that...how many months should be considered for late deduting TDS...@1 %...
2 months or 3 months...i cant under stand the meaning of part of month...in this case for calculating interest
2 months or 3 months...i cant under stand the meaning of part of month...in this case for calculating interest
07 August 2012
Interest u/s 201(1A) calculated as below -
201(1A)(i) @ 1% for the period Sep 2011 to Nov 2011, i.e. for 3 month.
201(1A)(ii) @1.5% for the period of tax was deducted (Nov 2011) to the date of actual payment.
201(1A)(i) @ 1% for the period Sep 2011 to Nov 2011, i.e. for 3 month.
201(1A)(ii) @1.5% for the period of tax was deducted (Nov 2011) to the date of actual payment.
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Kishan Vaidya
(Querist)
07 August 2012
THANX A LOT...SIR
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