Hlo seniors,
Due to some issues i couldn't deposited my TDS liability(94J professional service & 94I Rent) of the month of September 2020
is there any relief for the late payment of tds ??
Please guide
Menu
Interest on Late payment of TDS
Replies (5)
Deposit and payment are two different things when comes to TDS
there is a relax of 25%of the interest libility for delay inthe payment of the due taxes
but in case of delay in deposit of TDS where the tax is deducted the rate of interest is 1.5%for every month or art thereof
there is a relax of 25%of the interest libility for delay inthe payment of the due taxes
but in case of delay in deposit of TDS where the tax is deducted the rate of interest is 1.5%for every month or art thereof
Thanks,
One more question
we took professional service and they raised invoice 30000+Gst, shall we deduct the TDS?
One more question
we took professional service and they raised invoice 30000+Gst, shall we deduct the TDS?
TDS is required to be deposited before 7th of the next month. Deposit tax along with interest. Secondly in case of professional service with invoice 30000+gst, TDS should be deducted on total invoice.
No sir, TDS deducted on only taxable income not on GST .
But we'll pay 35400/- incl of Gst ... so m just little bit confused
But we'll pay 35400/- incl of Gst ... so m just little bit confused
You have to deduct TDS on 35400 @ 10%.
Recent Topic
- Revamped traces portal, conso file download failed
- Due date of ITR for Option Trader
- Cancelled invoice entry
- Debt Mutual Fund Tax in New Regime
- Amount distributed by a Co-op. Hsg Society to its
- Delayed reported invoice in GSTR1
- Kusumgar IPO Listing Date: Shares Debut on BSE, NS
- When is Diwali in 2026? Date, Muhurat Timing and D
- Amount received by son from PPF closure proceeds o
- Clarification on Nature of Payment Code for NRI Pr
Related Topics
CAclubindia
