Tax

TDS 285 views 1 replies

dear sir ,

         how to calculate interest on TDS for late deposit & late deduction , in my asseesse has tds deduction date Rs.5000 is 2.8.13 ( due date is sep 7th 2013 ) but deposit date is sep 10th 2013 ,therefore interest months is one month , some body says its 2 & 3 month .. what is correct month & calculation ? pls give interest rate about tds?  urgent sir

Replies (1)

in the same cases, department had sent letters to assessees asking for 2 mnths interest instead of one month. so for safer side take 2 months.


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