EASYOFFICE
EASYOFFICE

Tds

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 September 2013 IF TDS DEDUCTED ON 31-MAR-2012 AND TAX DEPOSITED ON 16-AUG-2012 THAN PLEASE CALCULATE THE INTEREST ON LATE PAYMENT OF TDS.
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
16 September 2013 Interest to be paid for 5 months @ 1.5% per month i.e., 7.5% of the TDS amount.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 September 2013 BUT INCOME TAX DEPARTMENT RAISED THE DEMAND FOR INTEREST FOR 6 MONTHS @1.5% PLEASE HELP ME WHAT I DO.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
16 September 2013 Write a letter in reply to the demand notice and make your point that the delay is less than 5 months and therefore interest need to be paid for 5 months and not 6 months. Meet your TDS AO along with the letter.
Profile Image

Ganeshbabu K

Profile Image

Ganeshbabu K (Expert)
16 September 2013 if dates given you is correct it is correct that 5 months interest under section 201(1A)

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links