Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 February 2014 Dear Sir
This is Swamy , Actual month of deduction
deduction december but the amount is not deposited ,mow i want deposit the tds with interest please tell me how many months to be taken in to account for calculation late deposit interest on tds
actual date of payment 05/02/2014.

@VaibhavJ

@VaibhavJ (Expert)
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04 February 2014 HI

you have to count all months including month of deduction to month of payment for late payment. Int. @ 1.5% p.m.

For non deduction count all months including month of payment/accrual whichever is earlier to month of TDS deduction for late deduction. Int @ 1% p.m.

Thx