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Tds interest late payment

This query is : Resolved 

31 December 2013 Dear All

Pls Advice our company have Recd notice TDS Dept u/s.200a interest late payment.

our company deducted TDS 30th april,2013 as per rule TDs payment due date 07/05/2013 but our company paid TDS 13/05/2013 with one month Interest but TDS Dept send Notice late payment interest payment and they are charge interest Two month e.i. april and May,2013

Pls advice it is correct or wrong

Regards
Praveen

31 December 2013 Hi

Yes, Int on late payment is to be calculated from the date of deduction to date of payment for each month & part thereof.

Thanks

31 December 2013 dept is correct as they will take apr and may becuase only last date is 7/5 but u can pay before also so they take april and may.




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