Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 August 2013
Dear Sir,
Intrest on TDS is charge on day basis or month basis.....
Intrest on TDS is charge on day basis or month basis.....
09 August 2013
Interest is TDS is for the whole month of part of the month.
So even 1 day of the month is treated as full month.
For eg. TDS required to be deposited by 7th May is deposited on 8th May. Interest will be charged for the full month.
So even 1 day of the month is treated as full month.
For eg. TDS required to be deposited by 7th May is deposited on 8th May. Interest will be charged for the full month.
09 August 2013
Agree with expert.
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 August 2013
Thanking You, sir for resolve my query....
09 August 2013
You are welcome. You should use the thanks button to convey your thanks.
09 August 2013
and interest of tds is caluculated "for the period from the date of deduction to date of payment of tds"
so if tds deducted in 01/04/2012 and paid on 08/05/2012 then interest payable is for 2 months at the rate of 1.5% per month
refer section 201(1A)
so if tds deducted in 01/04/2012 and paid on 08/05/2012 then interest payable is for 2 months at the rate of 1.5% per month
refer section 201(1A)
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
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- 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?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
