05 November 2011
please confirm me im going to right or not for tds calculation as per late payment of tds interest rate is 1.5 pm from the date of credit or payment which ever is first not from due date.
Date pay......Amt......TDSpaydate.... delaymonth 01/09/2011...50000.....06/11/2011.... 2 01/10/2011...50000.....06/11/2011.... 0 01/11/2011...50000.....06/11/2011.... 0
accounts maintain cash basis
Querist :
Anonymous
Querist :
Anonymous
(Querist)
05 November 2011
please confirm delay months are correct or not
05 November 2011
Everything is correct except the first one. Here interest will be levied for 3 months i.e. 4.5%.
TDS deducted 01/09/11
Due date was 07/10/11 which was not complied with. Now 01/09/11 to 01/10/11 1 month 01/10/11 to 01/11/11 1 month and 01/11/11 to 06/11/11 1 month (Since act says month or part of month thereof)
05 November 2011
i got details for other 2 transactions but for fist one i think delay months only 2 instead of 3 because tds paid before 7.... pls help