TDS - INTEREST
This query is : Resolved
27 January 2011
HI
I have deducted TDS on 05.04.2010 but remitted the amount on 07.01.2011 - which Interest rate is applicable? 12% or 18%?
I have deducted TDS on 05.04.2010 but remitted the amount on 07.01.2011 - which Interest rate is applicable? 12% or 18%?
27 January 2011
April to June > 1 % each per month = 3 %
July to Jan > 1.5 % each per month = 10.5 %
Total = 13.5 %
July to Jan > 1.5 % each per month = 10.5 %
Total = 13.5 %
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27 January 2011
Sir,
It is correct?
It is correct?
27 January 2011
Yes.. of course.
The late penal interest begins from the month of deduction & not from the actual due date...
The late penal interest begins from the month of deduction & not from the actual due date...
Message likes :
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Guest
Guest
(Expert)
27 January 2011
Not agree. Interest will be charged complete @ 18%.
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