if paid 75000 in advance what will happen.
Menu
Tds deductibility
Replies (21)
if paid 75000 in advance what will happen.
payment made Rs.5,00,000/- dated: 31.08.2011 but i can deducted tds so what can i do now
payment made 31.08.2011 of Rs.5,00,000 but tds not deducted.
so pls tell me what can i do and which date interest calculate.
payment is made of rs.5,00,000/- in 31.08.2011 but tds not deducted.
can i calculate tds interest from march 2012
Dear Santosh,
If the payment has been done on 31-8-11 the the due date for paying TDs on the same would be 7-9-11. So in case the TDS has not been paid till this date then interest would be levied at 1% p.m. from Sep 11 till the month when the TDS has actually been paid to the Governement treasury. I hope this sufficces your requirements
Recent Threads
- Final new course clarification
- Can claim Itc
- Transfer of mutual funds to son as gift
- First Time ITR with 5000 penalty
- Loss due to non tradeable stocks
- What's CGAS?
- Income tax status
- Demand raised for 'Self assessment tax' amount AY2
- TDS payment using Form 26QB when buying property o
- Export sales not realised payment not received fro
Related Threads
CAclubindia
