Tds
This query is : Resolved
21 August 2014
Dear,
If i hav deducted tds on 3.7.2014 bt amount is paid on 23.8.2014 then how much interest is to be paid. whether interest to be charged for 2 months or 1 month.
If i hav deducted tds on 3.7.2014 bt amount is paid on 23.8.2014 then how much interest is to be paid. whether interest to be charged for 2 months or 1 month.
21 August 2014
it will be paid for jul n aug both
21 August 2014
as per law for one month but trace site calculate for 2 month. 2 1.5% per month.
21 August 2014
But as per Law it is 1 month then why to pay for 2 month
21 August 2014
IN THE LAW - word is - for month or portion of month, here amount unpaid is for more than one month and therefore intt. for 2 months to be paid
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