Late payment of TDS Mar21
ashu gupta (accountant) (56 Points)
30 April 2021
What is the interest on late payment of TDS of Mar'21 in May'21??
ashu gupta (accountant) (56 Points)
30 April 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 30 April 2021
Interest @ 1.5% pm or part of the month, from the date of deduction to the date of payment.
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 30 April 2021
ashu gupta
(accountant)
(56 Points)
Replied 30 April 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 30 April 2021
What's the date of deduction? Also what will be the date of payment?
ashu gupta
(accountant)
(56 Points)
Replied 30 April 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 30 April 2021
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%.
Lotus Agrawal
(Practice)
(1356 Points)
Replied 30 April 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 30 April 2021
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
