Can anyone calculate the Interest on TDS for the month of March 2018?
TDS 192B Rs 353950/- Payment will be done today.
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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... 😊😊😊😊
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