Tds interest on delayed deposit
This query is : Resolved
24 January 2015
Payment dt 30 Jul 2014 & Due date 07 Aug 2014. Actual deposit 07 Jan 2015. How to calculate interest ? How many months will it be delayed?
24 January 2015
The delay is 7 months. From July-14 to Jan-15.
24 January 2015
you have to calculate from july to jan
total 7 month
total 7 month
24 January 2015
Thanks. At what rate?
24 January 2015
Thanks. At what rate?
24 January 2015
No, the interest is calculated from the date on which deduction was made to the date of actual payment. Part of the months is for Jan only. int.@1.5% for 6 months.
24 January 2015
July -14 to be taken part of the month.
24 January 2015
if there is no deduction no need to pay interest for late payment. That's why law specifically mentioned from the date of deduction. so from July 30 th only.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR selection for salaries and capital gain less than L
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- ITR returnFY25-26
- BIS Certificates
- Itr 1 processing
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR 2 Short Term gain & Long term gain
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
