Interest on late payment of tds calculation
This query is : Resolved
30 December 2013
Dear Sit,
I want to ask how interest on late payment of tds is calculated by department ?
e.g. If date of Deduction is 30.04.2012 (Due date : 07.05.2012) and
Actual Payment of TDS done on 12.06.2012
Is it 2 months delay or 3 months ?
i.e. interest on late payment of TDS @ 1.5 % is for 2 months in this case or for 3 months ?
I am asking this because received notice for default for 3 months delay for above example for one assessee.
Please help......
I want to ask how interest on late payment of tds is calculated by department ?
e.g. If date of Deduction is 30.04.2012 (Due date : 07.05.2012) and
Actual Payment of TDS done on 12.06.2012
Is it 2 months delay or 3 months ?
i.e. interest on late payment of TDS @ 1.5 % is for 2 months in this case or for 3 months ?
I am asking this because received notice for default for 3 months delay for above example for one assessee.
Please help......
30 December 2013
hi,
3 months for the above.
i.e 3*1.5= 4.5% on tds amount
Tnks,
3 months for the above.
i.e 3*1.5= 4.5% on tds amount
Tnks,
30 December 2013
hi,
refer bellow link:
http://www.simpletaxindia.net/2013/11/late-fees-for-etds-return-us-234e-can.html
Tnks.
refer bellow link:
http://www.simpletaxindia.net/2013/11/late-fees-for-etds-return-us-234e-can.html
Tnks.
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