Interst rate for delayed TDS Payment
This query is : Resolved
13 July 2010
Kindly provide me interest rate for the delayed in tds payment and how to calculate it ?
eg.
Booking date Bill Amount TDS
30.04.2010 369340 7386.8
Amount till not deposited
eg.
Booking date Bill Amount TDS
30.04.2010 369340 7386.8
Amount till not deposited
13 July 2010
Up to the period 30.6.2010 - interest 1% per month or part of the month
From 1.7.2010 need to calculated - Interest 1.50% per month or part of the month
So May & June = 2 %
July= 1.50%
From 1.7.2010 need to calculated - Interest 1.50% per month or part of the month
So May & June = 2 %
July= 1.50%
13 July 2010
AGREE WITH RAMESH JI.
13 July 2010
in above situation if payment is made before 5th of Aug 2010..then interst need to be paid for august also ??
13 July 2010
Yes, Aug will also counted for delay payment
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
- GST Regis.
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Gst input for FY 23-24
- Bogus purchase treatment for it act gst dealer
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- 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?
Trending Online Classes
CAclubindia
