Interest on tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 January 2014
if tds deducted on 30/11/2012 and deposited on 08/12/2012, then interest for one month or two months? because the period from 30/11/2012 to 08/12/2012 is less than a month
09 January 2014
It will be 1 month interest 1.50%
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09 January 2014
Agree with expert, But from 1.7.2010 there is change in Rule.
Pl refer: http://blog.tdsman.com/2013/08/interest-on-late-deposit-of-tds-3-for-delay-of-one-day/
&
http://www.simpletaxindia.net/2010/04/late-deposit-tds-pay-interest-15-pm.html
Thanks
Pl refer: http://blog.tdsman.com/2013/08/interest-on-late-deposit-of-tds-3-for-delay-of-one-day/
&
http://www.simpletaxindia.net/2010/04/late-deposit-tds-pay-interest-15-pm.html
Thanks
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 January 2014
But sir in the above case we have received a notice from the department demanding interest for two months
10 January 2014
Hi
from 1.7.10 Int. to be paid @ 1.5% per month or part there of.
Pl read : http://blog.tdsman.com/2013/08/interest-on-late-deposit-of-tds-3-for-delay-of-one-day/
Thanks
from 1.7.10 Int. to be paid @ 1.5% per month or part there of.
Pl read : http://blog.tdsman.com/2013/08/interest-on-late-deposit-of-tds-3-for-delay-of-one-day/
Thanks
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