Tds interest calculation big problem (urgent)

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Manoj Aggarwal (Querist)
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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.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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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

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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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

Manoj Aggarwal (Querist)
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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?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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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.

Manoj Aggarwal

Manoj Aggarwal (Querist)
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13 July 2013 Thank you sir

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