Interest calculation Rate
This query is : Resolved
28 May 2020
As per new circular of TDS if payment fail within 20-03-20 to 30-06-20 then the delay payment will be charge 9% rate of interest (instaid of 18% /12% rate) up to 30-06-20) so, as per this new circular if TDS deduct in march 20 and not deposited within due date then interest rate will be applicable @9% if TDS deposited to the Govt. on or before 30-06-20
But if TDS deducted in Feb 20 then what is the rate of Interest if it was not deposited in due date but deposited within 30-06-20?
Is it for Feb 20 to March 20 @1.5% pm & @0.75% in balance month
or @1.5% pm in all pending month .
But if TDS deducted in Feb 20 then what is the rate of Interest if it was not deposited in due date but deposited within 30-06-20?
Is it for Feb 20 to March 20 @1.5% pm & @0.75% in balance month
or @1.5% pm in all pending month .
29 May 2020
It will be levied 1.5% pm for all the months.
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
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Filing of Form 10BB instead of Filing Form 10B
- Sale of property furniture sale
- Refund of AY 22-23
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
