Interest in tds

This query is : Resolved

Preetam Singh Shekhawat (Querist)
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19 September 2013 Dear Sir,

What is the interest in TDS in the following cases:
1. bill date 01.07.2012 amt. 2000 paid on 08.08.2012
2. bill date 09.07.2012 amt. 2000 paid on 08.08.2012

Will in the both cases the the period of interest on TDS is 2 months or otherwise?

CA Pallav Singhania

CA Pallav Singhania (Expert)
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19 September 2013 If TDS deducted on the bill date,

1. 1.5 percent for 2 months,
2. 1.5 percent for 1 month...

Preetam Singh Shekhawat

Preetam Singh Shekhawat (Querist)
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19 September 2013 Thank sir for giving an reply.

but sir i have the justification report from tds cpc site in that on both cases the interest is calculated for the two months.

Clarify this?

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