tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 April 2011
Pls tell me the amount to be deposited as "Interest on late deduction" and "interest on late deposite" of TDS in TDS challan in the following case :
TDS for april 2010 - Rs. 1000
TDS For May 2010 - Rs. 5000
TDS for march 2011 - Rs. 10000
The above amount not deducted till yet and the total amount of TDS with interest is to be deposited on 30/04/2011.
TDS for april 2010 - Rs. 1000
TDS For May 2010 - Rs. 5000
TDS for march 2011 - Rs. 10000
The above amount not deducted till yet and the total amount of TDS with interest is to be deposited on 30/04/2011.
30 April 2011
TDS for april 2010 - Rs. 1000
[Interest @1% p.m. for 12 months = (1000*12%)+1000=1120]
TDS For May 2010 - Rs. 5000
[Interest @1% p.m. for 11 months = (5000*11%)+5000=5550]
Now deposit Rs (1120+5550)= 6670 in a separate challan as it relates to 1st quarter.
TDS for march 2011 - Rs. 10000
No need to pay interest on above so as deducted in March and pay Rs 10000/- within 30.04.11
[Interest @1% p.m. for 12 months = (1000*12%)+1000=1120]
TDS For May 2010 - Rs. 5000
[Interest @1% p.m. for 11 months = (5000*11%)+5000=5550]
Now deposit Rs (1120+5550)= 6670 in a separate challan as it relates to 1st quarter.
TDS for march 2011 - Rs. 10000
No need to pay interest on above so as deducted in March and pay Rs 10000/- within 30.04.11
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
- EPF ECR NEW FILE SEP 17TH 2026
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Capitalgain tax purposes for valuation report compulsory
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- TAX AUDIT ON PROFESSIONAL INCOME
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- 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
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
