Tds
This query is : Resolved
06 February 2015
When 3% is deducted in interest of tds ?
06 February 2015
there is no 3% deduction of interest on tds under present provisions of income tax act
Message likes :
1 times
06 February 2015
Then how much Intrest on late payment of TDS is deducted??
06 February 2015
(i) at 1% for every month or part of a month on the amount of such tax from the date on which such tax was deductible to the date on which such tax is deducted;
(ii) at 1.5% for every month or part of a month on the amount of such tax from the date on which such tax was deducted to the date on which such tax is actually paid.
(ii) at 1.5% for every month or part of a month on the amount of such tax from the date on which such tax was deducted to the date on which such tax is actually paid.
Message likes :
1 times
06 February 2015
Two situations :
1. TDS deductable, but not deducted than 1.00 % par month and part thereof
2. TDS deducted, but not paid than 1.5 % par month and part thereof
1. TDS deductable, but not deducted than 1.00 % par month and part thereof
2. TDS deducted, but not paid than 1.5 % par month and part thereof
06 February 2015
INTT WILL BE CHARGE
IF YOU NOT DEDUCTED BUT TDS TO BE DEDUCTED THEN 1% OF TDS AMOUNT TILL YOU NOT DEDUCT THE TDS.
@1.5 IF AFTER DEDUCTION YOU NOT DEPSOIT THE TDS.
IF YOU NOT DEDUCTED BUT TDS TO BE DEDUCTED THEN 1% OF TDS AMOUNT TILL YOU NOT DEDUCT THE TDS.
@1.5 IF AFTER DEDUCTION YOU NOT DEPSOIT THE TDS.
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Accounting with Claude
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
