Interest on tds
This query is : Resolved
26 July 2012
My client had to deposit interest in Jan 2010 but he deposited it in May 2010.
Now we are paying the interest on late TDS. Should we pay the interest for those two months only or inerest for 2 months and interest on interest till date ?
Now we are paying the interest on late TDS. Should we pay the interest for those two months only or inerest for 2 months and interest on interest till date ?
26 July 2012
Please take a note.. there are 2 types of interest. One is as you rightly said i.e. late deduction of TDS. The second one, probably you are mistaking... i.e. late deposit of TDS.
26 July 2012
Sir,
We had deposited the TDS but not interest. Now we are depositing the interest.
We had deposited the TDS but not interest. Now we are depositing the interest.
26 July 2012
Pls Note that interest is to be paid from the date of deduction and not from due date of deposit of TDS.
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?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- 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
- RCM INVOICING FROM NOV-2024
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- 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?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
