Tds calculation
This query is : Resolved
15 February 2014
Dear sir
We have received the TDS notice in which department showing that we have to pay interest on form 24Q Rs. 18355/- while as per our calculation we have deposited the Rs. 10810.00 as per due date .
Pls provide us the excel sheet in which it showing that how they calculate the Interest in notice.
We have received the TDS notice in which department showing that we have to pay interest on form 24Q Rs. 18355/- while as per our calculation we have deposited the Rs. 10810.00 as per due date .
Pls provide us the excel sheet in which it showing that how they calculate the Interest in notice.
16 February 2014
Hi
while calculating no. of month defaults you have to consider both the month,, hence you would have paid one month lesser interest.
Thx
while calculating no. of month defaults you have to consider both the month,, hence you would have paid one month lesser interest.
Thx
16 February 2014
Hi Rakesh
explaining by example, april tds to be paid on or before may 7th. for eg if you have paid on 8th may. interest to be calculated @1.5% per month, in this example interest to paid for 2 months.
refer Sec 200 and 201 of income tax act
explaining by example, april tds to be paid on or before may 7th. for eg if you have paid on 8th may. interest to be calculated @1.5% per month, in this example interest to paid for 2 months.
refer Sec 200 and 201 of income tax act
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 Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Applicability
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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 Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
