Tds
This query is : Resolved
divya barola
(Querist)
11 July 2013
Is interest on interest on late payment of TDS liable to be paid?
ie. Say tds was paid on 10th june instead of 07th june. The assessee was liable to pay interest @ 1.5% for two months (since tds was deducted in may and part of month is considered full month). However the assessee did not pay interest. Is the assessee liable to pay interest on this interest along with interest as on date?
If yes than for 2 months @ 1.5% p.m,right ?
ie. Say tds was paid on 10th june instead of 07th june. The assessee was liable to pay interest @ 1.5% for two months (since tds was deducted in may and part of month is considered full month). However the assessee did not pay interest. Is the assessee liable to pay interest on this interest along with interest as on date?
If yes than for 2 months @ 1.5% p.m,right ?
12 July 2013
PAY INT FOR 2 MONTHS @1.5 %
divya barola
(Querist)
16 July 2013
@Mr Tushar Sampat
U mean interest on interest for two months or just interest @2% ?
U mean interest on interest for two months or just interest @2% ?
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
