Interest on late payment of tds

Parbat Varu (Article) (24 Points)

14 October 2013

1. Date of Deduction of TDS is 4th March, 2013 and Date of Deposit TDS is 4th July, 2013 What is the period of Delay in Months and HOW?

Pls Ans.

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4 Replies

CA Amit Joshi (Chartered Accountant) (288 Points)
Replied 14 October 2013

Due date to deposit (TDS) for March 2013 is 30.04.2013 and due date for filing the return for (01.01.2013 to 31.03.2013) is 15.05.2013..

Hence, interest should be calculated from 1st May, 2013 till the date of deposit of tax.

Reena (Sr. Acccountant) (22 Points)
Replied 15 October 2013

tds deducted 8th april 2013 and tds deposite in 30 july 2013. what is delay period and how calculated tds intrest amount pls suggested me........

Deepak Tapse (Accounts Manager - Taxation) (1771 Points)
Replied 15 October 2013

4 months.

Reena (Sr. Acccountant) (22 Points)
Replied 15 October 2013

thanks

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