Tds interest late payment
This query is : Resolved
31 December 2013
Dear All
Pls Advice our company have Recd notice TDS Dept u/s.200a interest late payment.
our company deducted TDS 30th april,2013 as per rule TDs payment due date 07/05/2013 but our company paid TDS 13/05/2013 with one month Interest but TDS Dept send Notice late payment interest payment and they are charge interest Two month e.i. april and May,2013
Pls advice it is correct or wrong
Regards
Praveen
Pls Advice our company have Recd notice TDS Dept u/s.200a interest late payment.
our company deducted TDS 30th april,2013 as per rule TDs payment due date 07/05/2013 but our company paid TDS 13/05/2013 with one month Interest but TDS Dept send Notice late payment interest payment and they are charge interest Two month e.i. april and May,2013
Pls advice it is correct or wrong
Regards
Praveen
31 December 2013
Hi
Yes, Int on late payment is to be calculated from the date of deduction to date of payment for each month & part thereof.
Thanks
Yes, Int on late payment is to be calculated from the date of deduction to date of payment for each month & part thereof.
Thanks
31 December 2013
dept is correct as they will take apr and may becuase only last date is 7/5 but u can pay before also so they take april and may.
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