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.
CA Garima Bhayana
(Expert)
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 .
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