if paid 75000 in advance what will happen.
Hari Wadhwa
(CA in Practice)
(485 Points)
Replied 09 February 2012
susant khuntia
(accountant)
(25 Points)
Replied 01 September 2012
payment made Rs.5,00,000/- dated: 31.08.2011 but i can deducted tds so what can i do now
susant khuntia
(accountant)
(25 Points)
Replied 01 September 2012
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.
susant khuntia
(accountant)
(25 Points)
Replied 01 September 2012
payment is made of rs.5,00,000/- in 31.08.2011 but tds not deducted.
can i calculate tds interest from march 2012
Deepali
(PRACTISING CHARTERED ACCOUNTANT)
(26 Points)
Replied 07 September 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
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