10 May 2016
DATE OF DEDUCTION - AT END OF EACH MONTH STARTS WITH JAN. DATE OF DEPOSITE OF TDS- 8/02/2016,8/03/2016 AND 26/04/2016 AMOUNT OF TDS JAN-98256 FEB-113805 MARCH-110438 DEMAND FOR INTEREST ON LATE PAYMENT IS RS. 1705 HOW ........ PLEASE EXPLAIN THE CACULATION
11 May 2016
Dear Sir, The due date of deposit for the TDS deducted is 7th of the next month (for month of march it is 30th April). you have deposited TDS for the month of February late by 1 days but it will charge Interest for the month or part of the month there for for the month of February and march they charged interest at the rate of 1.5%. since on 7th February was Sunday it was not defalt.
CAclubindia
