Tds interest calculation
This query is : Resolved
04 March 2014
date oF TDS deduction :- 01-06-2013
due date of payment :- 07-07-2013
actual date of payment of Tds :- 08-07-2013
now please tell how to calculate months for Late payment of interets..
in the above case department is calculating 2 months (i.e. from the date of deduction).
if department is correct then what is the relevance of due date?
due date of payment :- 07-07-2013
actual date of payment of Tds :- 08-07-2013
now please tell how to calculate months for Late payment of interets..
in the above case department is calculating 2 months (i.e. from the date of deduction).
if department is correct then what is the relevance of due date?
Nikhil Kaushik
(Expert)
04 March 2014
you need to pay for two months. For June and july. calculation is done on calender month basis.
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