Tds
This query is : Resolved
CA Arjun B
(Querist)
07 June 2014
If TDS on director remuneration is deducted only at the end of 4th quater.How would be the calculation of Interest on TDS.Whether it it to be 1% per month on TDS amount deductable for each month or 1.5% per month for for the delayed payment or both.And if return is to be revised for each Qauter?And if penalty for delayed filing of return is to be paid seperately for salary and non salary?
07 June 2014
both will be aPPLICABLE FOR late deduction and late payment of the same.
Nikhil Kaushik
(Expert)
08 June 2014
to save on interest, deduct and then immediately pay on the same day. this way only 1% pm interest shall apply.
for delayed filing of return Rs 200 per day fees for each return is applicable. Such fees is not levied on revision of the return.
for delayed filing of return Rs 200 per day fees for each return is applicable. Such fees is not levied on revision of the return.
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
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Accounting treatment of AMC alongwith the purchase of Laptop
- 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
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
