TDS for June 2020
This query is : Open
24 July 2020
Respected Sir,
An amount of INR 46,250.00 has been paid as Rent u/s 194I(b) after deducting INR 3,750.00 (INR 50,000.00*7.5%) on 30.06.2020. But, the TDS amount has been deposited on 24.07.2020 along with interest amount of INR 56.00 (INR 3,750.00*1.5%).
Are the calculations made correct?
An amount of INR 46,250.00 has been paid as Rent u/s 194I(b) after deducting INR 3,750.00 (INR 50,000.00*7.5%) on 30.06.2020. But, the TDS amount has been deposited on 24.07.2020 along with interest amount of INR 56.00 (INR 3,750.00*1.5%).
Are the calculations made correct?
24 July 2020
The intetest is 1.5% from the date of deduction to actual payment, so as you have deducted tds on 30th june, so 1.5% of june and 1.5% of july would come, so it is 3% interest.
Injustice provision for the deductor.
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
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- GST not cancelled by tenant
- Cash balance limit and property purchases limit
- NRI starting business in India
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
