Tds deducted on 31st march 2013 and paid on 16th May 2013(due date was 30th April 2013) , interest would be levied for 2 months or 3 months.
Menu
Query on interest paid on late payment of tds
Replies (2)
Sir Interest Should be charged @ 1.5% For 3months. Late month Calculation as as under
March=1day=1month
April=1month
May=16days=1months
If you will charged interest 3%(e.g 2months interest), the Deptt Will raise a demand notice for short payment of interest.
Thx Jagdeep Singh.
Same has happened in this case.
Recent Topics :
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
Related Topics :
CAclubindia
