Tds

This query is : Resolved

F M Aquib Javed R A (Querist)
Follow

29 January 2015 I had deducted TDS for payment on 31/10/2014 on the same day but not deposited till 07/11/2014,similarly for the month of November I had also deducted TDS on payment on 30/11/2014 on the same day but not deposited till 07/12/2014,and similarly for the month of December I had deducted TDS on payment on 31/12/2014,and the entire TDS of the month October,November and December I deposited the same on 06/01/2015.I want to ask that at which rate and how many month interest will be charge for late payment for TDS of Oct,Nov,and Dec respectivily.

@VaibhavJ

@VaibhavJ (Expert)
Follow

29 January 2015 You need to pay Int. on late payment of TDS for the month Oct & Nov only.

For Oct month Int for 4 months @ 1.5% per month & for Nov month Int for 3 months @ 1.5% per month.

F M Aquib Javed R A

F M Aquib Javed R A (Querist)
Follow

30 January 2015 thank you so much sir.

Upgrade to CAclubindia Pro. Subscribe Now!