Tds calculation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 September 2014 calculating interest on TDS
Whether date of deduction and date of payment both date should be include for interest calculation on TDS.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

09 September 2014 Department simply calculates 2 months interest even for a days delay.

Say for month of april if you pay TDS on 8th May then interest will be calculated by Department for 2 months i.e., 3% of the TDS amount.

Querist : Anonymous

Querist : Anonymous (Querist)

09 September 2014 Thanks sanjay sir for reply my question.

Upgrade to CAclubindia Pro. Subscribe Now!