What rate applicable for interest on tds.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 February 2015
when Tds deducted on advance payment but not deposit TDS then interest rate appl is 1.5 % Per month.
other than when we deduct TDS on Credit or provision but not Deposit TDS then interest rate on TDS applicable is 1% per month .
Please reply this question.
other than when we deduct TDS on Credit or provision but not Deposit TDS then interest rate on TDS applicable is 1% per month .
Please reply this question.
17 February 2015
Whenever TDS is deducted but not deposited interest on late deposit to be paid @ 1.5% per month. When TDS is short deducted or not deducted then at the time of deduction and payment of such TDS interest to be paid @ 1% per month.
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2015
but sanjay sir
i just want to know that 1.5% interest charged on making payment when after deduct TDS not deposit.
1% on credit Ie on journal entry if i have deducted TDS on Journal entry but not paid to party,
i just want to know that 1.5% interest charged on making payment when after deduct TDS not deposit.
1% on credit Ie on journal entry if i have deducted TDS on Journal entry but not paid to party,
18 February 2015
Yes even if entry is passed but not paid interest on Late deposit needs to be paid @1.5% per month.
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
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- Closer of business and itc of capital goods
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Gratuity paid to legal heir above 20 lakh is taxable or not
- TDS Return Statement Status
- Appointment of Auditor By Form ADT-1
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
