Tds related query
This query is : Resolved
Guest
Guest
(Querist)
21 March 2013
HOW TO CALCULATE TDS ON INTEREST?
FOR EXAMPLE:-TDS DEDUCTED ON 30/07/2012 AND PAID TO GOVERNMENT ON 03/12/2012 FOR RS 10000.THEN,WHAT WOULD BE THE AMOUNT OF INTEREST.PLEASE SHOW ME THE CALCULATION ALSO.
FOR EXAMPLE:-TDS DEDUCTED ON 30/07/2012 AND PAID TO GOVERNMENT ON 03/12/2012 FOR RS 10000.THEN,WHAT WOULD BE THE AMOUNT OF INTEREST.PLEASE SHOW ME THE CALCULATION ALSO.
21 March 2013
Interest on delay payment of interest need to calculate from the date of deduction, and percentage is month or part of month. You deducted on 30/07/2012 and paid on 3/12/2012. July, Aug, Sep, Oct,Nov & Dec 6 months delay so 6 x 1.50 = 9 % interest need to pay
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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?
Trending Online Classes
CAclubindia
