Interest on delayed remittance of TDS

TDS 1051 views 4 replies

Hi

If we have to remit TDS ded on salaries as on 31.3.10 now, what will be the interest %, 12% or 18%? Should it be calculated from 1.4.10 or 8.4.10.

Is the due date for eTDS return in F24Q changed from 15th Apr to 15th July?

A quick answer will be greatly appreciated.

Rgds

Rajashree

Replies (4)

Interest on TDS @ 1% p.m. or part of the month till 30.06.2010

Interest on TDS @ 1.5% p.m. or part of the month after 01.07.2010...................

regards,

ratan

 

Originally posted by : Ratan Deep Saxena

Interest on TDS @ 1% p.m. or part of the month till 30.06.2010

Interest on TDS @ 1.5% p.m. or part of the month after 01.07.2010...................

regards,

ratan

 Thanks. But should it be calculated from 31.3. or 8.4? Also, pls confirm if the due date for filing F24Q for march quarter is 15th June.

Rgds

Rajashree

Interest shud b calculated from 08.04.10 as the due date of payment of TDS is 07.04.10.

regards,

ratan

The due dates for filing quarterly TDS returns, both electronic and paper are as under:
 
Quarter Due Date Due Date for 27 Q
April to June July 15 14 July
July to September October 15 14 October
October to December January 15 14 January
January to March June 15 14 June

hope ur query will resolved.

regards,

ratan


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register