Tds interest rate for late deposite of tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 August 2015
Dear sir,
please suggest me the rate of tds interest when tds has been deducted but payment of such tds has been delayed wheter 1.5% or 18% per month
please suggest me the rate of tds interest when tds has been deducted but payment of such tds has been delayed wheter 1.5% or 18% per month
22 August 2015
The rate is 1.5% per calendar month.
For example TDS deducted on 31.07.2015 and payment made on 01.09.2015. In this case Interest to be paid for 3 months i.e., 4.5% of the TDS amount.
For example TDS deducted on 31.07.2015 and payment made on 01.09.2015. In this case Interest to be paid for 3 months i.e., 4.5% of the TDS amount.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 August 2015
Sir then what is the due date of tds is'nt its next months of 7th day
22 August 2015
Yes due date is 7th of next month and for march due date is 30th April. If TDS deposited within due date no interest is payable.
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
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
