TDS Interest

This query is : Resolved

S RAMESH KUMAR (Querist)
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27 January 2011 Sir,

Deduction on April2010, payment due date 7th may2010, amount remitted on 07.01.2011.

so may to june = 2months

May to june = 1% x 2 = 2%
July to Jan = 1.5% x 7 = 10.5%

Total = 12.5%

It is correct?

C.A.Javid Patel

C.A.Javid Patel (Expert)
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27 January 2011 1. you are correct this is the normal method what public do.

2. But if you read the exact section then you realise that it will start from april.

Message likes : 1 times

Guest

Guest (Expert)

27 January 2011 calculation is not correct

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