Can anyone calculate the Interest on TDS for the month of March 2018?
TDS 192B Rs 353950/- Payment will be done today.
Avinash Jeevan Dsouza (Assistant In Charge Accountant) (3284 Points)
15 May 2018Can anyone calculate the Interest on TDS for the month of March 2018?
TDS 192B Rs 353950/- Payment will be done today.
CA Ankit R Momaya
(Partner at Bhat Momaya & Associates)
(2319 Points)
Replied 15 May 2018
Interest is Applicable for 2 Months i.e. April & May and not one month...
JAI BHOLA
(504 Points)
Replied 15 May 2018
CA Ankit R Momaya
(Partner at Bhat Momaya & Associates)
(2319 Points)
Replied 15 May 2018
However since the Salary accrues on 31st March, Interest not applicable for March month. Hence only for 2 Months. There are various judgements of High Courts in this Regard too.
Avinash Jeevan Dsouza
(Assistant In Charge Accountant)
(3284 Points)
Replied 15 May 2018
To be in safer side we will pay interest for 3 months.
JAI BHOLA
(504 Points)
Replied 15 May 2018
RAJA P M
("Do the Right Thing...!!!")
(128085 Points)
Replied 15 May 2018
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