I want to know how to calculate interest on Tds, what is the date of filling the return of tds. Also i would like to know the different rates of TDs .
Sneha joshi (Account & Sales Exceutive) (33 Points)
15 April 2010I want to know how to calculate interest on Tds, what is the date of filling the return of tds. Also i would like to know the different rates of TDs .
CA.GAURAV SACHWANI
(JOB)
(161 Points)
Replied 15 April 2010
Interest on TDS is calculated on mothly basis ie if one day is delayed in deposited tds the interest is charged for the full month and rate of intt is 1.25% monthly and due date for depositing tds is 7th of following month.
CA Pankaj Warke
(Fin Man)
(268 Points)
Replied 15 April 2010
Dear Ritu,
I think the attached chart will help you a lot.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
CAclubindia
