Tds interest
This query is : Resolved
01 January 2013
DEAR SIR,
I HAVE DEDUCTED TDS U/S 194C ON 30/09/2010 BUT DEPOSITED IT ON 05/10/2011,THEN TDS INTEREST SHOULD I CALCULATE FOR HOWMANY MONTHS?
PLS REPLY FAST..............................
I HAVE DEDUCTED TDS U/S 194C ON 30/09/2010 BUT DEPOSITED IT ON 05/10/2011,THEN TDS INTEREST SHOULD I CALCULATE FOR HOWMANY MONTHS?
PLS REPLY FAST..............................
01 January 2013
Interest on late deposit of TDS should be calculated for 13 months.
01 January 2013
BUT WHY 13 MONTHS? NOT 14 MONTHS? FROM 30/09/2010 TO 05/10/2011 IS 14 MONTHS. WHY U R NOT CONSIDERING SEPTEMBER .
REPLY FAST.......................
REPLY FAST.......................
01 January 2013
From 30/09/2010 to 30/09/2011 its 12 months and one month for remaining delay. So total 13 months.
01 January 2013
WHY YOU R NOT TAKING IN YOUR CALCULATION THE MONTH OF SEPTEMBER.ACTUALLY LAW TELL THAT INT. SHOULD CALCULATE FORM THE MONTH OF DEDUCTION UPTO DATE OF ACTUAL PAYMENT ,IS IT TRUE?
01 January 2013
Yes. Date of deduction is 30/09/2010. From 30/09/2010 to 30/10/2010 it will be taken as 1 month. You are taking 30/09 as 1 month.
01 January 2013
why r you taking date to date interest is calculate 1.5 % month or part of month
01 January 2013
https://www.caclubindia.com/experts/tds-577865.asp#.UOKYCOSKLj4
Please check out above link for details.
Please check out above link for details.
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01 January 2013
thank you so much sir.now i am very clear at this point
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