DATE OF PAYMENT : 05/04/2012
DATE OF DEDUCTION : 05/04/2012
DUE DATE OF PAYMENT : 07/05/2012
ACTUAL DATE OF PAYEMNT : 09/05/2012
IS THERE ANY INTEREST ON PAYMENT OF TDS..? IF YES, HOW MUCH INTEREST HAVE TO PAY..?
PLEASE COMMENT WITH AN EXAMPLE.
Shubham Nagpal (Sales tax Audit & Tax Compliance) (255 Points)
10 March 2014DATE OF PAYMENT : 05/04/2012
DATE OF DEDUCTION : 05/04/2012
DUE DATE OF PAYMENT : 07/05/2012
ACTUAL DATE OF PAYEMNT : 09/05/2012
IS THERE ANY INTEREST ON PAYMENT OF TDS..? IF YES, HOW MUCH INTEREST HAVE TO PAY..?
PLEASE COMMENT WITH AN EXAMPLE.
Shadab Shaikh
(Working at CCPL)
(81 Points)
Replied 10 March 2014
Yes there is interest on late payment for 2 months @ 1.5% Per Month. (April & May ).