Tds not deducted and not paid
This query is : Resolved
Ritesh Maheshwari
(Querist)
07 December 2013
We have booked Professional fee on 10.10.2013 but TDS not deducted. On checking we deducted that TDS in Nov. 2013 and paying today i.e 07.12.2013.
Now as per TDS provisions Interest rate is 1% for TDS not deducted and not paid i.e. for oct & nov interest will be 2%, but is interst payable for late payment @ 1.5% for Dec month also or it will be considered as payment on due date ie Nov due date is 07.12.2013???
Pls make me clear.
Thanks
Now as per TDS provisions Interest rate is 1% for TDS not deducted and not paid i.e. for oct & nov interest will be 2%, but is interst payable for late payment @ 1.5% for Dec month also or it will be considered as payment on due date ie Nov due date is 07.12.2013???
Pls make me clear.
Thanks
CMA Ramesh Krishnan
(Expert)
07 December 2013
After deduction you have paid on due date. it is only late deduction hence only 1% will apply per month so December also 1% only
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