08 January 2015
I have not deposit the TDS Rent from oct.
1/10/14--48000--4800/- 1/11/14--48000-4800/- 1/12/14--48000-4800/- but I have pay the rent after TDS to land lord on 07/01/2015 I have to deposit the TDS becz return to done, my query is kindly inform me what will be the interest on OCT+NOV+DEC sepratly
08 January 2015
the interest will be computed as under Oct - 4800*1.5*4 Nov - 4800*1.5*3 Dec - 4800*1.5*2 Total amount of interest is rs. 648
Querist :
Anonymous
Querist :
Anonymous
(Querist)
08 January 2015
Mohit Sir, suppose I have to deposit on 06/01/2015 then what will be the no. of month to calculate I just want to understand the counting the days on which intt.calaculation
08 January 2015
You have to consider A full month and also the part of the month as per the text provided in section 201 (1A) of IT Act 1956 Oct, nov, & dec full month Jan part of the month hence total number of Month would be four
CAclubindia
