Tds non payment

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 May 2015 Dear Sir,

Please advise me solutions of below query :-

Invoice date Invoice Amount
30/03/2015 76,000

but i have forget to pay TDS on 7th April & 7th may

Now how many amount i will pay with interest please advise me on detail wise.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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09 May 2015 til now u hadnt paid it na ???

if tds is deducted on 30.03. then now interst for late deposition wil b there

u wil have to pay intersest per month

for March,April and May @ 1.5 % per month

total three month interest if u pay in may

Querist : Anonymous

Querist : Anonymous (Querist)

09 May 2015 it means i will pay :-

76,000 *2% 1520

Interest amount 22.80+22.80+22.80 = 1520+68.40 = 1588.40

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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12 May 2015 Yes interest will be paid from the month of deduction till the actual date of payment. TDS return for last quarter is required to be filed on or before 15.05.2015.

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