TDS
This query is : Resolved
Gaurav Singhvi
(Querist)
04 September 2010
APril month TDS is paid on 8 May instead of 7 may. How many month delay of interest will be levied?
1 month or 2 month
1 month or 2 month
CA Sanat Pyne
(Expert)
04 September 2010
2 months
04 September 2010
On TDS deducted on or after 9th april @1% for 1 month and on TDS deducted before 9th april @1% for 2 months.
Also check this article---
https://www.caclubindia.com/articles/a-day-s-delay-in-tds-remittance-interest-upto-3--6580.asp
Also check this article---
https://www.caclubindia.com/articles/a-day-s-delay-in-tds-remittance-interest-upto-3--6580.asp
CMA Ramesh Krishnan
(Expert)
04 September 2010
Yes.Interest need to be calculated from the date of deduction, so 2 months interest need to pay
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