Interest on delay of tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 February 2013
Dear All,
Some one please inform me.
If, we deducted TDS on say 15.12.2012 and deposited on 14.02.2013 and
ii) we deducted TDS on 15.12.2012 and deposited on 15.02.2013 and
iii) we deducted on 15.12.2012 and deposited on 16.02.2013.
Please reply for how many months interest to be paid in above three cases respectively.
Please Sir.
Thanks in advance.
Anil Jain 9312640067
Some one please inform me.
If, we deducted TDS on say 15.12.2012 and deposited on 14.02.2013 and
ii) we deducted TDS on 15.12.2012 and deposited on 15.02.2013 and
iii) we deducted on 15.12.2012 and deposited on 16.02.2013.
Please reply for how many months interest to be paid in above three cases respectively.
Please Sir.
Thanks in advance.
Anil Jain 9312640067
09 February 2013
the liability to deposit tax arises within 1 week from the end of the month in which deduction is made...
So in this case your liability arises as on 07-01-2013, but you deposit as on 14-2-13, 15-02-13, 16-02-13..
it means you need to pay simple interest @ 1.5% p.m. for two month in all the three cases.
So in this case your liability arises as on 07-01-2013, but you deposit as on 14-2-13, 15-02-13, 16-02-13..
it means you need to pay simple interest @ 1.5% p.m. for two month in all the three cases.
18 August 2023
Agreed with expert.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Offsetting interest income against derivative trading losses
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
