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Q. > Please Help: TDS Late payment
TDS deducted on 31st October and deposit on 10th December Rs.-1000/-. please tell me Interest on above is calculated for one month?
answered Dec 28, 2013 by Surendra Kumar Dash , Bhubaneswar
If there is any delay in depositing the amont of TDS interest shall be charged @ 1.5% per month or part of month from the Date on which TDS was Deducted till the Actual Date of Payment.
Therefore interest shall be charged @3% i,e for 2 months from Oct'2013 to Dec'2013.
answered Dec 28, 2013 by Surendra Kumar Dash , Bhubaneswar
If there is any delay in depositing the amont of TDS interest shall be charged @ 1.5% per month or part of month from the Date on which TDS was Deducted till the Actual Date of Payment.
Therefore interest shall be charged @3% i,e for 2 months from Oct'2013 to Dec'2013.
answered Dec 28, 2013 by Surendra Kumar Dash , Bhubaneswar
If there is any delay in depositing the amont of TDS interest shall be charged @ 1.5% per month or part of month from the Date on which TDS was Deducted till the Actual Date of Payment.
Therefore interest shall be charged @3% i,e for 2 months from Oct'2013 to Dec'2013.
answered Dec 28, 2013 by Surendra Kumar Dash , Bhubaneswar
If there is any delay in depositing the amont of TDS interest shall be charged @ 1.5% per month or part of month from the Date on which TDS was Deducted till the Actual Date of Payment.
Therefore interest shall be charged @3% i,e for 2 months from Oct'2013 to Dec'2013.
answered Dec 28, 2013 by Surendra Kumar Dash , Bhubaneswar
If there is any delay in depositing the amont of TDS interest shall be charged @ 1.5% per month or part of month from the Date on which TDS was Deducted till the Actual Date of Payment.
Therefore interest shall be charged @3% i,e for 2 months from Oct'2013 to Dec'2013.
answered Dec 28, 2013 by SUBHASH KUMAR JHA , Darbhanga
interest will be calculate for three month not for two month
answered Dec 28, 2013 by SUBHASH KUMAR JHA , Darbhanga
interest will be calculate for three month not for two month
answered Dec 30, 2013 by shankygarg , Karnal
IF TDS IS NOT DEPOSITED ON DUE DATE - INTEREST WILL BE CHARGED FROM THE MONTH IN WHICH TDS IS DEDUCTED . IN YOUR CASE , TDS IS DEDUCTED IN OCT. ,SO INTEREST PAYMENT WILL BE MADE FOR 3 MONTHS.
Experts Panelist
Comments
SUBHASH KUMAR JHA
28-Dec-2013 , 12:01:20 pminterest will be calculated for three month october november december
jimit
30-Dec-2013 , 04:43:20 pmLATE PAYMENT TDS--1.5% INT.PER MONTH--INT FOR 2 MONTHS PAYABLE
jimit
30-Dec-2013 , 04:48:15 pmREFER SECTION 201(201(1A))
jimit
30-Dec-2013 , 04:48:44 pmREFER SECTION 201(1A)
SUBHASH KUMAR JHA
30-Dec-2013 , 06:43:34 pminterest is calculated 1% per mont or part of the month from the date of deduction.in this case tds deducted on 31st october but payment has been made beyond due date so, october will be taken (part of the month will be taken a month) and november & december.
SUBHASH KUMAR JHA
30-Dec-2013 , 06:44:09 pminterest is calculated 1.5% per mont or part of the month from the date of deduction.in this case tds deducted on 31st october but payment has been made beyond due date so, october will be taken (part of the month will be taken a month) and november & december.