SANJO POLY (Accountant) (32 Points)
03 August 2018Dear Friends
We got a notice from TDS
Kindly explain the calculation of Interest On "Interest on Late Payment U/S 201 (1A)" under TDS and its section
Interest U/s 220 means what?
Expecting Immediate answers..
Thank You
Ruchika Somani
(Coaching and Practice in Tax Audit Law)
(4429 Points)
Replied 03 August 2018
| Originally posted by : SANJO POLY | ||
 |
Dear Friends We got a notice from TDS Kindly explain the calculation of Interest On "Interest on Late Payment U/S 201 (1A)" under TDS and its section Interest U/s 220 means what? Expecting Immediate answers.. Thank You |
 |
Whats the amount?
Gross amount on which TDS was supposed to be deducted
SANJO POLY
(Accountant)
(32 Points)
Replied 04 August 2018
Dear Mam
Thank you for your reply
I wants to know is there any section to levy interest on " Interest on Late payment of TDS". if any section there, kindly explain the calculation.
I just wants to pay the interest on " Interst on late payment " till date.
as per given notice Currently its arround 200,000.00
Am attaching one quarter defualt summary: On its coloured some sections. I wants to know what are they and its sections and calculation
Thanx in advance
Ruchika Somani
(Coaching and Practice in Tax Audit Law)
(4429 Points)
Replied 04 August 2018
| Originally posted by : SANJO POLY | ||
|
Dear Mam Thank you for your reply I wants to know is there any section to levy interest on " Interest on Late payment of TDS". if any section there, kindly explain the calculation. I just wants to pay the interest on " Interst on late payment " till date. as per given notice Currently its arround 200,000.00 Am attaching one quarter defualt summary: On its coloured some sections. I wants to know what are they and its sections and calculation Thanx in advance |
|
201(1)(a)
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