Interest on tds

shaikh afzal (accountant) (32 Points)

07 August 2011

What will be rate of Interest to be charged on late payment of TDS and also please let me know the due date of filing and payment of TDS

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7 Replies

Sumit Grover (Chartered Accountant ) (3652 Points)
Replied 07 August 2011

date of filing----

qtr 1--- 15th july

qtr2--- 15th oct

qtr 3--- 15th jan

qtr 4 --- 15th may

date of payment--

for april to feb---7th of d every subsequent month

for month of march-- 30th april

Ineterest on TDS-

from due date of deduction to actual date of deduction----1% per month or part of month

from actual date of deduction to actual date of payment---1.5% per month or part of month

plz correct me if m wrng.

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kamal kishor sen (STUDENT Rajasthan) (2156 Points)
Replied 07 August 2011

Originally posted by : CA SUMIT GROVER
	date of filing---- qtr 1--- 15th july qtr2--- 15th oct qtr 3--- 15th jan qtr 4 --- 15th may date of payment-- for april to feb---7th of d every subsequent month for month of march-- 30th april Ineterest on TDS- from due date of deduction to actual date of deduction----1% per month or part of month from actual date of deducation to actual date of payment---1.5% per month or part of month plz correct me if m wrng.

Agreed ..

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(Guest)

Originally posted by : CA SUMIT GROVER
	date of filing---- qtr 1--- 15th july qtr2--- 15th oct qtr 3--- 15th jan qtr 4 --- 15th may date of payment-- for april to feb---7th of d every subsequent month for month of march-- 30th april Ineterest on TDS- from due date of deduction to actual date of deduction----1% per month or part of month from actual date of deduction to actual date of payment---1.5% per month or part of month plz correct me if m wrng.

Completely agree with expert reply

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@*CS Siddharth Bumb. * (B.Com, CA Final, CS ) (5270 Points)
Replied 07 August 2011

Originally posted by : CA SUMIT GROVER
	date of filing---- qtr 1--- 15th july qtr2--- 15th oct qtr 3--- 15th jan qtr 4 --- 15th may date of payment-- for april to feb---7th of d every subsequent month for month of march-- 30th april Ineterest on TDS- from due date of deduction to actual date of deduction----1% per month or part of month from actual date of deduction to actual date of payment---1.5% per month or part of month plz correct me if m wrng.

totally agree with CA Sumit...no doubt....

CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 07 August 2011

Originally posted by : CA SUMIT GROVER
	date of filing---- qtr 1--- 15th july qtr2--- 15th oct qtr 3--- 15th jan qtr 4 --- 15th may date of payment-- for april to feb---7th of d every subsequent month for month of march-- 30th april Ineterest on TDS- from due date of deduction to actual date of deduction----1% per month or part of month from actual date of deduction to actual date of payment---1.5% per month or part of month plz correct me if m wrng.

AGREED

ROHIT CHATURVEDI (CA Final Student ) (2298 Points)
Replied 07 August 2011

Originally posted by : CA SUMIT GROVER
	date of filing---- qtr 1--- 15th july qtr2--- 15th oct qtr 3--- 15th jan qtr 4 --- 15th may date of payment-- for april to feb---7th of d every subsequent month for month of march-- 30th april Ineterest on TDS- from due date of deduction to actual date of deduction----1% per month or part of month from actual date of deduction to actual date of payment---1.5% per month or part of month plz correct me if m wrng.