Tds payment

ruchita (student) (85 Points)

08 December 2017

NOV,2017 KA TDS KA PAYMENT 07/12/2017 KO NHI HO RHA THA ERROR AA RHI THI...TO ON 08/12/2017 TDS KA PAYMENT KIYA TO INTEREST 1.5% LGEGA?

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4 Replies

Vineet Goyal - indiaitr.com (Founder of IndiaITR.com) (184 Points)
Replied 08 December 2017

Late payment interest is 1.50% per month or part thereof. Please note that month is to be calculated from date of deduction of TDS.

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Divakar (Student CA Final ) (11857 Points)
Replied 08 December 2017

Yes @ 1.5% for two months... If u r late by one day then interest comes to 3%...1.5% for earlier month and 1.5% for current month

Divakar (Student CA Final ) (11857 Points)
Replied 08 December 2017

For the period of tds is deducted /collected till the date of payment... 1.5% per month or part thereof

Mahesh (CA Student) (338 Points)
Replied 08 December 2017

yes you have to pay interest on Late payment of tds for 2 Month @ 1.5% Per month

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