Tds queary

TDS 601 views 3 replies
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accounts head
205 Points Joined October 2010

Dear Sir,

 

A new firm has deducted TDS from their contractors from 01.04.2012. But the company applies TAN aplication during 2-13 and get TAN no. on dated 28.09.012. Please guide me while he company deposit TDS amount then how the interest calculate? Or does the company liable to deduct the TDS before getting TAN no. from their contractors in the same accounting year?

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On 28 December 2012 at 14:36 Report
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studying final
830 Points Joined December 2007

ur question is confusing , can u make it clear

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On 28 December 2012 at 14:47
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CA-FINAL
202 Points Joined August 2010

the interest shall be calculated from the date on which tds has been deducted till the date on which it has been paid. And the rate shal be @ 1%p.m.

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On 28 December 2012 at 16:42
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From the above it is very clear that you were not responsible in obtaining TAN No.

You can't say that you need not pay interest because you kept quiet for few months and then obtained TAN No.

So for calculating interest date of obtaining the TAN No. has NO..................

So all the rules and regulations apply as usual.

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On 28 December 2012 at 21:34


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