Tds interest calculation big problem (urgent)
This query is : Resolved
Manoj Aggarwal
(Querist)
13 July 2013
If as below-
Bill Date - 25/04/2013
Amount- 2,00,000
Tds on Contract - 2000 (Other Comp)
Deposite Date- 14/07/2013
Please tell me what will be interest and month?
Please urgent.
Bill Date - 25/04/2013
Amount- 2,00,000
Tds on Contract - 2000 (Other Comp)
Deposite Date- 14/07/2013
Please tell me what will be interest and month?
Please urgent.
13 July 2013
Interest on Late Deposit of TDS to be paid for 3 months i.e., 4.5% of TDS amount.
Interest Amount=4.5% of Rs 2000=Rs 90
Total Amount to be deposited = Rs 2090
Interest Amount=4.5% of Rs 2000=Rs 90
Total Amount to be deposited = Rs 2090
13 July 2013
Also file the 1st Quarter return within 15th July to avoid paying fees of Rs 200 per day u/s 234E for delay in filing of TDS return.
Manoj Aggarwal
(Querist)
13 July 2013
but when TDS deducted as on date liability of interest will be raised from that date as fully month.
is it right or wrong?
is it right or wrong?
13 July 2013
25.04.13 to 24.05.13 - 1 month
25.05.13 to 24.06.13 - 1 month
25.06.13 to 24.07.13 - 1 month.
Hope its clear now.
25.05.13 to 24.06.13 - 1 month
25.06.13 to 24.07.13 - 1 month.
Hope its clear now.
Manoj Aggarwal
(Querist)
13 July 2013
Thank you sir
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