TDS Interest
This query is : Resolved
S RAMESH KUMAR
(Querist)
27 January 2011
Sir,
Deduction on April2010, payment due date 7th may2010, amount remitted on 07.01.2011.
so may to june = 2months
May to june = 1% x 2 = 2%
July to Jan = 1.5% x 7 = 10.5%
Total = 12.5%
It is correct?
Deduction on April2010, payment due date 7th may2010, amount remitted on 07.01.2011.
so may to june = 2months
May to june = 1% x 2 = 2%
July to Jan = 1.5% x 7 = 10.5%
Total = 12.5%
It is correct?
C.A.Javid Patel
(Expert)
27 January 2011
1. you are correct this is the normal method what public do.
2. But if you read the exact section then you realise that it will start from april.
2. But if you read the exact section then you realise that it will start from april.
Message likes :
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Guest
Guest
(Expert)
27 January 2011
calculation is not correct
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