TDS - interest
This query is : Resolved
06 June 2020
Bill booking date 05.04.2020. Payment to vendor 08.04.2020. TDS amount Rs 6250/-.
I shall pay the TDS for the month of April 2020 on dt 06.06.2020.
Please inform me the Interest amount.
I shall pay the TDS for the month of April 2020 on dt 06.06.2020.
Please inform me the Interest amount.
09 June 2020
As per benefits given during COVID Interest on late payment will be @9%p.a. so Interest will be calculated for 3 months i.e. April to June @ 9% p.a. But when i Filled TCS return and paid interest @ 9% department raised demand and Calculate int @ 12% p.a. So you can Pay int @ 9% p.a. as per Provisions .
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
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Error in uploading Form 10BD
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Grand in aid
- Loss of interest in PF transfer from EPFO to Trust
- NRI INSURANCE ADVISOR
- Banking Related Issue
- Residential status of non resident
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
