Tds int
Que. On TDS..
Amtt of 40000 paid to X on 1 jul 2013 as prof. Fees bt TDS not deducted.
Later on 28 feb 2014 50000 due to MrX nd TDS deducted on entire 90000 .
Bt was deposited inly on 22 june 2014.
Calculate int under sec.201 (1A)
A.860
B.320
C.540
D.1180 Que. On TDS..
Amtt of 40000 paid to X on 1 jul 2013 as prof. Fees bt TDS not deducted.
Later on 28 feb 2014 50000 due to MrX nd TDS deducted on entire 90000 .
Bt was deposited inly on 22 june 2014.
Calculate int under sec.201 (1A)
A.860
B.320
C.540
D.1180
Replies (2)
As per my opinion calculation shall be as under:
from 1.7.13 to 28.02.14 for 8 m @ 1% i.e.40000*1%*8=3200
from 01.03.14 to 22.06.14 for 4m @ 1.5% i.e. 90000*1.5%*4=5400
so the total will be Rs.8600.
Tds ki amt pr int lagta h...gross pr nhi so dat way it cld b 860
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
