Late payment of tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 June 2012
tds last day is 7th of every month, but its paid in 13 th wat wil be the interest
12 June 2012
Interest on late deposit of TDS amount is 1.5% p.m. or part of the month so even one day late deposit will attract an interest 1.5% p.m.on TDS amount.
12 June 2012
Interest @1.5%Pm will be charged from the date you have deducted the tds till the date of payment.
Hence, if TDS is deducted before 13th of the last month then interest will be charged for 2 months otherwise it will be charged for 1 month.
Hence, if TDS is deducted before 13th of the last month then interest will be charged for 2 months otherwise it will be charged for 1 month.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Is online PGCE worth it?
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
