Tds late payment
This query is : Resolved
Pavan Krishna
(Querist)
03 February 2014
What is the consequences on late payment of TDS deducted.
Pavan Krishna
(Querist)
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.
Yogesh Agarwal
(Expert)
03 February 2014
Interest will charged in that case...
Pavan Krishna
(Querist)
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
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