TDS WITH INTREST ?
This query is : Resolved
13 May 2009
WE HAVE CREDITED MAINTAINCE CHARGES(TDS ON CONTRACT) ON JAN 1 2009 BUT TDS PAID ON MAY 6, 2009 WITHOUT INTREST.
WHAT WILL BE INTREST AMOUNT IF WE WANT TO MAKE PAYMENT OF INTREST IN NEXT MONTH (june 2009)?
KINDLY ADVISE.
WE HAVE CREDITED MAINTAINCE CHARGES(TDS ON CONTRACT) ON JAN 1 2009 BUT TDS PAID ON MAY 6, 2009 WITHOUT INTREST.
WHAT WILL BE INTREST AMOUNT IF WE WANT TO MAKE PAYMENT OF INTREST IN NEXT MONTH (june 2009)?
KINDLY ADVISE.
C.A.Javid Patel
(Expert)
13 May 2009
Interest willbe @ 1% for 4 month i.e. from ( Feb to may).
13 May 2009
You have to pay interest on TDS amount for 4 months @ 1% per month, means total 4% of the said TDS. and 1% on above Interest amount if you plan to pay interest in June, as the payment of TDS in may will be first adjusted to Interest and then balance is to be considered as TDS Deposit.
13 May 2009
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