Friends, I have a query as tds is deducted on 28th feb 2013 and paid on 30 march 2013 therefore please clarify whether is interest is payable for 1 month or 2 months.
5 Replies
Deepak Sethi
(Chartered Accountant in Practice)
(219 Points)
Replied 04 May 2013
Dear Manish
As tds has been deducted on 28th Feb, the payment of the same has been made on 30th April
Thus interest on the tds amount has to be calculated for the 2 months.
manish gupta
(delhi)
(37 Points)
Replied 04 May 2013
Dear Deepak,
date of deposit is 30th march not 30th april.
Deepak Sethi
(Chartered Accountant in Practice)
(219 Points)
Replied 04 May 2013
Dear manish
Sorry for that mistake
Though the date of deposit is 30th March, the interest have to be calculate for the 1 months.
Vilas C. Rajapkar
(Profession)
(146 Points)
Replied 04 May 2013
Refer interest on tds calculator
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