Interest on TDS
Kanthraju (Accountant) (29 Points)
06 September 2011Kanthraju (Accountant) (29 Points)
06 September 2011
TRILOCHAN
(SENIOR ACCOUNTANT)
(698 Points)
Replied 06 September 2011
Ya, Interest is due for 5 months @ 1.5% per month
Mihir
(Wealth Manager)
(5293 Points)
Replied 06 September 2011
What happens if the TDS amount was deposited on the date of booking the expenses on 15th April 2011, and after a month, the bill amount is re-negotiated, and the TDS amount deposited is more because the bill amount has come down? Excess TDS paid ? What to do next ?
Nitin Garg
(CA FINAL Article Trainee B.com)
(171 Points)
Replied 06 September 2011
Agreed with trilochan...
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India