tds interest
This query is : Resolved
GANANADHA P
(Querist)
28 February 2009
Dear sir
1.I am tax amt deducted on 20.11.2008 but payment made on 22.12.2008 then the interest rate is 1% or 2%?
2. The 1st bill was 15000/- on 15.06.2008(its 1st quarter)
and the 2nd bill was 5000/- on 15.08.2008(its a 2nd quarter) as 94J applicable or not? if applicable what will be deducted amt 5000@10.3% = 515 or 20000*10.3% =2060 what amt shown in e-tds return for E-tds filing purpose
Plz answer to me
1.I am tax amt deducted on 20.11.2008 but payment made on 22.12.2008 then the interest rate is 1% or 2%?
2. The 1st bill was 15000/- on 15.06.2008(its 1st quarter)
and the 2nd bill was 5000/- on 15.08.2008(its a 2nd quarter) as 94J applicable or not? if applicable what will be deducted amt 5000@10.3% = 515 or 20000*10.3% =2060 what amt shown in e-tds return for E-tds filing purpose
Plz answer to me
GANANADHA P
(Querist)
28 February 2009
CA.Tarun Maheshwari
(Expert)
28 February 2009
1. If it is tds on salary then 2%, otherwise it is 1% in this case.
2. 94J applicable and TDS will be deducted on full 20000/-
2. 94J applicable and TDS will be deducted on full 20000/-
GANANADHA P
(Querist)
02 March 2009
thank you tarun sir
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