Interest on interest on late payment of tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 August 2012
Date of payment 10.08.2011. Amount paid Rs.100000. Tax on amount paid Rs.10000. date of deposit of TDS 08.09.2011. What will be the amount of interest payable and interest on interest payable on late payment of TDS?
TDS deducted on 10.08.2011 itself. IT department is charging interest on interest on late payment of TDS, in addition to interest on delayed payment of TDS. I want the workings for
Interest on late payment of TDS and
Interest on interest on delayed payment of TDS
TDS deducted on 10.08.2011 itself. IT department is charging interest on interest on late payment of TDS, in addition to interest on delayed payment of TDS. I want the workings for
Interest on late payment of TDS and
Interest on interest on delayed payment of TDS
20 August 2012
when was the TDS deducted? if it is deducted at the time of payment then interest will be charged for 1 month @1.5%
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