Please send us TDS Payment original date for the month shown below:
APRIL,2020, MAY,2020, JUNE,2020, JULY,2020, AUG,2020
if INTEREST will CHARGE then what is the rate of Interest Value for this above months
5 Replies
Gagan Deep Singh
(CHARTERED ACCOUNTANT)
(1190 Points)
Replied 12 September 2020
TDS payment date- 7th of the following month.
Rate of Interest @ 1% simple interest from the date TDS was deductible to the date on which TDS is deducted and 1.5% in case TDS is deducted till the date on which tds is actually paid in case paid TDS after due date. Part of the month is calculated as full month while calculating the interest.
sona1
(MANAGER)
(365 Points)
Replied 12 September 2020
Someone said us for covid purpose payment date &rate of interest changed this year
Gagan Deep Singh
(CHARTERED ACCOUNTANT)
(1190 Points)
Replied 12 September 2020
In case payment is made beyond date of 30 June 2020 for APRIL,2020, MAY,2020 then rate of interest would be 0.75%
Gagan Deep Singh
(CHARTERED ACCOUNTANT)
(1190 Points)
Replied 12 September 2020
Due Date for Q4 24Q is 24 July 2020
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