Tds late payment
This query is : Resolved
03 February 2014
What is the consequences on late payment of TDS deducted.
03 February 2014
How is delayed time calculated in case of late payment of TDS?
For example: in march installment as the due date is April-30, if the TDS paid on 07th May whether the delayed time should taken as one month or two months...?
For example: in march installment as the due date is April-30, if the TDS paid on 07th May whether the delayed time should taken as one month or two months...?
03 February 2014
Interest will have to be paid on late deposit of TDS @ 1.5% per month.
Period of default to be calculated from the date of deduction of TDS and not from the due date of payment.
Period of default to be calculated from the date of deduction of TDS and not from the due date of payment.
03 February 2014
Interest will charged in that case...
04 February 2014
Thank You for your valuable replies.
My confusion "whether to pay interest from date of deduction or from due date" is clarified with your answer.
once again thank you
My confusion "whether to pay interest from date of deduction or from due date" is clarified with your answer.
once again thank you
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- When TDS on GST applied
- Requirement of tax deduction at source by individual
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
