Tds late deposit interest & other penalties
This query is : Resolved
27 August 2012
Dear Sir,
My queries are:
1. what are the Penalties & Interest for late deposit of TDS? Are they computed on daily basis or monthly basis? If the TDS is realted to January 12 & deposited on 8th February 2012 then what will be mode of computation if the same intended to be deposited by 7th September 2012, for an amount of say Rs.100 TDS? pLEASE ILLUSTRATE THUGH AN EXAMPLE.
2. Can we deposit Such penalties & interest through A SINGLE CHEQUE but separate challan along with TDS LIABILITY OF AUGUST 12?
My queries are:
1. what are the Penalties & Interest for late deposit of TDS? Are they computed on daily basis or monthly basis? If the TDS is realted to January 12 & deposited on 8th February 2012 then what will be mode of computation if the same intended to be deposited by 7th September 2012, for an amount of say Rs.100 TDS? pLEASE ILLUSTRATE THUGH AN EXAMPLE.
2. Can we deposit Such penalties & interest through A SINGLE CHEQUE but separate challan along with TDS LIABILITY OF AUGUST 12?
28 August 2012
interest @ 1.5% per motnh for non deposition. For non deduction it is 1% per month.
Part of month is counted as full month.
The period starts from the date of transaction.
All the Best.....
Part of month is counted as full month.
The period starts from the date of transaction.
All the Best.....
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
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Query regarding TDS on EPFO Higher Pension Arrears*
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
