06 October 2016
Tds on commission for Aug was not paid in sep.we are paying it in Oct by tomorrow. Tds amount is 10190.tds was due on 11th of Aug and deducted on same day and payment of commission to party made on 20th of Aug.kindly calculate the interest I have to paid.we are going to pay this on 6th of Oct.
06 October 2016
In my opinion the TDS working should be as under 10,190 x 1.5% x 2 months (considering a delay of 56 days from date of deduction to date of deposit) However, TRACES normally calculates this as 10,190 x 1.5% x 3 months considering aug, sept and oct as being three months without going into number of days. You may make a choice accordingly.
CAclubindia
