Notice of tds
This query is : Resolved
26 April 2012
SIR,
I WANT TO KNOW ON WHAT BASIS DEMAND NOTCES OF TDS ARE RAISED. WHAT IS THE BASIS OF THEIR INTEREST CALCULATION.
I WANT TO KNOW ON WHAT BASIS DEMAND NOTCES OF TDS ARE RAISED. WHAT IS THE BASIS OF THEIR INTEREST CALCULATION.
28 April 2012
Demand Notice can be issued in following default.
1.Non deposit of tds within prescribed time limits
2.Short payment of TDS Deposit e.g interest short deposit etc.
Interest shall be charged on late deduction of TDS and late deposit of TDS.
1.Non deposit of tds within prescribed time limits
2.Short payment of TDS Deposit e.g interest short deposit etc.
Interest shall be charged on late deduction of TDS and late deposit of TDS.
29 April 2012
THANKS SIR, BUT WHAT IS THEIR METHOD OF INTEREST CALCULATION?
30 April 2012
Interest Shall be calculated on monthly basis Interest rates of TDS given below
1.18% P.A for late deposit of TDS
2.12% P.A for late deduction of Tds
1.18% P.A for late deposit of TDS
2.12% P.A for late deduction of Tds
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