02 November 2012
what is the rate applicable for interest on late payment of TDS ? How to calculte it ? which section provides the guidlines for late payment of TDS ?
1) TDs due date 07/08/2012 2) Date of payment 21/08/2012 3)Tds Deducted rs 2000 4)Tds paid rs 2000 5)TDS deducted is for the month of july 6)How will it be calculted ? 7)When is 1.5 pm to be apllied ? 8)when is 1 pm is to be charged ?
03 November 2012
k I got it, you mean we need to calculate TDS interest from the date it was deducted ... 1)one is deducted on 05/07/2012 2)other one is deducted on 10/07/2012.
03 November 2012
It means from 05.07.12 (date of deduction) to 21.08.12 (date of pmt) months comes to 1.5 around but you have to pay interest for 2 months.
CAclubindia
