Tds late deposited

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 February 2018 SIR

I DEDUCTED TCS ON SCRAP IN THE M/O JAN 2018 , WHICH NEED TO SUBMIT ON 07.02.2018, BUT DUE TO SOME TECHNICAL REASONS I DEPOSITING ON 08.02.2018, PLEASE ADVICE HOW MUCH INTEREST NEED TO PAY ON RS 5500/-,

THANKING YOU

RAJA P M

RAJA P M (Expert)
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08 February 2018 Interest will be calculated @ 1.5% per month...
If you not deposited on or before due date then it will be calculated as second month...

So, You will be pay Interest @ 3%...

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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08 February 2018 Yes, Late interest applicable for 2 months @1.5 % PM, Total 3% interest i.e 165/- to be paid as interest other wise you will receive Defaults for interest on late payment.

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