Tds

This query is : Resolved 

07 August 2012 if bill date - 20/9/11
and if I deduct TDS on 2/11/11
then how many months will be calculated for the interest for late deducting TDS?..2 or 3....plsssss reply soon........

07 August 2012 It should be calculated from the date of payment

07 August 2012 no..not like that..my question is that...how many months should be considered for late deduting TDS...@1 %...
2 months or 3 months...i cant under stand the meaning of part of month...in this case for calculating interest


07 August 2012 Interest u/s 201(1A) calculated as below -

201(1A)(i) @ 1% for the period Sep 2011 to Nov 2011, i.e. for 3 month.

201(1A)(ii) @1.5% for the period of tax was deducted (Nov 2011) to the date of actual payment.

07 August 2012 THANX A LOT...SIR



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