Please Help: TDS Late payment
Posted Date : 27-Dec-2013 , 04:00:43 pm | Posted By TIKAM CHAND PALIWAL
TDS deducted on 31st October and deposit on 10th December Rs.-1000/-. please tell me Interest on above is calculated for one month?
Category : Income Tax | Answers : 8 | Comments : 6 | Hits : 263
Answers
Answer By: Surendra Kumar Dash
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.
Therefore interest shall be charged @3% i,e for 2 months from Oct'2013 to Dec'2013.
Answer By: Surendra Kumar Dash
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.
Therefore interest shall be charged @3% i,e for 2 months from Oct'2013 to Dec'2013.
Answer By: Surendra Kumar Dash
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.
Therefore interest shall be charged @3% i,e for 2 months from Oct'2013 to Dec'2013.
Answer By: Surendra Kumar Dash
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.
Therefore interest shall be charged @3% i,e for 2 months from Oct'2013 to Dec'2013.
Answer By: Surendra Kumar Dash
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.
Therefore interest shall be charged @3% i,e for 2 months from Oct'2013 to Dec'2013.
Answer By: SUBHASH KUMAR JHA
interest will be calculate for three month not for two month
Answer By: SUBHASH KUMAR JHA
interest will be calculate for three month not for two month
Answer By: shankygarg
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.
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.