Menu
Late payment of TDS Mar21
What is the interest on late payment of TDS of Mar'21 in May'21??
Replies (10)
Interest @ 1.5% pm or part of the month, from the date of deduction to the date of payment.
1.5% Interest per month or part of month shall be considered from date of accruing to date of payment
That means we have to calculate interest for 3 months.
What's the date of deduction? Also what will be the date of payment?
Date of deduction is Mar'21 and payment of TDS is 1st May'21
I meant the DATE of deduction.Assuming the date of deduction to be 31/03/2021 and date of payment to be 01/05/2021:
No. of days delayed: 32 days (1+30+1)
Interest to be paid: 3%.
In my opinion TRACES will calculate interest for 3 months. as per provisions of act.
Yes as calculation is based on number of months
Yes, I think so. It will be for 3 months
Yes you're right
Recent Threads
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
Related Threads
CAclubindia
