Interest on tds

TDS 1488 views 7 replies

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

Replies (7)

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.

 

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 ..

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 

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....

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                                    

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.
 

1.5% for every month or part of the month from the date on which TDS was deducted to the date of on which tds actually paid/deposted.


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