| PAN | DATE OF DEDUCTION | DATE OF PAYMENT | DEFULT DAYS | DEFULT MONTH |
| A | 4-Mar-14 | 3-May-14 | 60 | 2 |
| B | 4-Mar-14 | 4-May-14 | 61 | 3 |
| C | 4-Mar-14 | 7-May-14 | 64 | 3 |
IS IT CORRECT OR NOT PLZ GIVE ME SOME IDEA ...????
also in case of short payment month calculation is it the procedure...
Thanx in adv.
For TDS interest purposes, number of days is irrelevant as part of a month is considered as a whole month. Your above calculation is correct and I am sure even in case of short payment, the same calculation would apply.
FOR PAN A:---IT SHOULD BE 3 MONTHS
AS MARCH IS 1ST MONTH, APRIL 2ND MONTH & MAY 3RD
For deductions made during the month of March, payment must be made on or before 30th April.
In the case of PAN A also we have to pay interest for 3 months. Number of days is irrelevant.
3 Months Default In All Cases
3 months is taken in all cases because interest is calculated from date of deduction to the date of payment.
plz any one give contact details bcz i wants to discuss about it and some question about RPU correction statement.....
CAclubindia
