Can anyone calculate the Interest on TDS for the month of March 2018?
TDS 192B Rs 353950/- Payment will be done today.
Menu
Interest on tds
Replies (7)
int-5309.25
i.e 1.5% per months or part of.
i.e 1.5% per months or part of.
Interest is Applicable for 2 Months i.e. April & May and not one month...
technically it's for 3 months cause section 201A 'from the date of TDs deduction to actual payment ' therefore interest would be 15927
However since the Salary accrues on 31st March, Interest not applicable for March month. Hence only for 2 Months. There are various judgements of High Courts in this Regard too.
To be in safer side we will pay interest for 3 months.
ya pay for 3 months , cause getting due on 31st march satisfies the provision "part of " . And it's a debatable issue so you pay for 3 months to avoid other penalties...
As per the query Interest will be calculate 3 months.
Simply wait and receive the notice from TRACES. It is noticed the Payable amount and Also in the dashboard... 😊😊😊😊
Simply wait and receive the notice from TRACES. It is noticed the Payable amount and Also in the dashboard... 😊😊😊😊
Recent Topics :
- Category B/D pop up after the file is e verified
- Section 56(2)(x)(xi) applicability to compensation
- How to claim exempt income u/s 10(26) in ITR-1 of
- 63053900 tax rate
- Clubbing of deceased's income
- Which ITR to use
- Sovereign gold bond capital gain
- In TDS section no column for relationship in itr
- Query related to agricultural income of Trust
- Full & Final Settlement — what changed u
Related Topics :
CAclubindia
