Tds

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

29 January 2013 Dear All,

Please clarify about Interest to be paid on delayed deposit of TDS U/s 200.

If Tds deducted on say Deposited on

1) 02.01.2013 08.02.2013
2) 08.01.2013 07.03.2013
3) 08.01.2013 08.03.2013
4) 16.01.2013 15.04.2013
5) 16.01.2013 17.04.2013

Please reply for interest to be deposited for how many number of months.

Best Regards

Anil Jain

CA Himanshu Kansal

CA Himanshu Kansal (Expert)
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29 January 2013 Here in this case, the assessee need to deposite the entire TDS with interest of 1.5% per month. we need to consider the month like suppose due date of deposite is 7the feb, then one month should be 7th of March. if the TDS is deposited on 8th of March then he need to deposite the interest of TWO months.

Total no. of months of default will be:
1) one month;
2) one month;
3) two months;
4) three months;
5) three months.

Querist : Anonymous

Querist : Anonymous (Querist)

29 January 2013
Thanks Sir for your quick reply.

Please clarify me the delayed is from date of deduction or from due date of deposit.

I think it is from date of deduction.

Please revert back.

Best REgards
Anil Jain

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Querist : Anonymous

Querist : Anonymous (Querist)

01 February 2013 Experts please resolve my queries. Please Urgent.

Thanks in advance .

Best Regards
Anil Jain
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