Tds calculation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 September 2014
calculating interest on TDS
Whether date of deduction and date of payment both date should be include for interest calculation on TDS.
Whether date of deduction and date of payment both date should be include for interest calculation on TDS.
09 September 2014
Department simply calculates 2 months interest even for a days delay.
Say for month of april if you pay TDS on 8th May then interest will be calculated by Department for 2 months i.e., 3% of the TDS amount.
Say for month of april if you pay TDS on 8th May then interest will be calculated by Department for 2 months i.e., 3% of the TDS amount.
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 September 2014
Thanks sanjay sir for reply my question.
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