Please Help: TDS
Posted Date : 10-May-2011 , 12:39:32 am | Posted By: Shalu Jain
Category :
Income Tax | Answers :
12|
Comments :
12| Hits: 1001
|
|
Please clarify if TDS u/s 194J has been deducted in the month of March however deposited in the month of May. Whether interest will be charged for 1 month or two months. |
 |
|
|
Answers:
|
 Answer by: CA.Khurana Vivek |
| One Month. Last date for depositing the TDS for the month of March 2011 is 30 April 2011.
|
| Answer by: CA.Khurana Vivek |
| Interest at the rates in force (12% p.a.) from the date on which tax was deductible /collectible to the date of payment to Government Account is chargeable.
|
| Answer by: Madhu Kiran |
| One month interest will be levied as penalty....
|
| Answer by: Madhu Kiran |
| Now interest rates are 1.5 percent for month
|
| Answer by: CA VIKAS JAIN |
| one month interest will be paid
|
| Answer by: CA Satuti Mahajan |
| One month interest is applicable.
|
| Answer by: Anmol Goyal |
|
|
| Answer by: Anmol Goyal |
| 1.5% per month for one month..
|
| Answer by: Rishabh Upadhyay |
| 1 month
|
| Answer by: Vikash Kumar Jha |
| Last date of depositing tds is 30th april and if not deposited by due date then after we have to pay interest from the due date to depositing date.
|
| Answer by: Vikash Kumar Jha |
| Last date of depositing tds is 30th april and if not deposited by due date then after we have to pay interest from the due date to depositing date.
|
| Answer by: Vaneet Gupta |
| 1 month
|
|
|
| Comments |
| Posted By : Riddhi |
30-Apr-2012, 12:15:36 |
| One month interest will be paid @ 1.5 % per month |
| |
| Posted By : RAJESH SINGHAL |
26-May-2011, 10:28:22 |
| intt @ 15% will be charged from the date of deduction to the date of actul payment |
| |
| Posted By : CA SUBHASH KR. |
23-May-2011, 09:21:00 |
| Intt on TDS is to be charged for one month @1.5% pm |
| |
| Posted By : NAVIN JAIN |
14-May-2011, 02:24:24 |
| Interest will be charged for two month @ 1.5% per month
See Section 201 (IA) |
| |
| Posted By : Madhu Kiran |
12-May-2011, 12:53:13 |
| Interest rates are changed from 1% to 1.5%
12 percent to 18 percent per annuam...
interest will be charged at this rates |
| |
| Posted By : Varun Mehra |
12-May-2011, 08:54:00 |
| Int. becomes payable from the date Tax was deductible and not from the due date till which tax was due to be deposited.Sec.201(1A).1% from date tax was deductible to date tax deducted.1.5% from date tax deducted to date tax is paid. |
| |
| Posted By : May I Help You. |
12-May-2011, 08:32:28 |
| Gaurav jee, 1.5 % is old rate... |
| |
| Posted By : CA. Gaurav Agarwal |
12-May-2011, 03:30:51 |
| Interest for 2 months will be deposited @1.5% per month |
| |
| Posted By : CA Mordhwaj Garg |
11-May-2011, 08:22:55 |
| Dear Shalu ji.
As per Sec. 201(1A) & 206C(7) - 1 percent per month(or part thereof) simple interest payable from the date of which such Tax was Deductible/collectible.
i.e. if TDS deducted on 31 march & paid on May than 2 % interest payable. if TDS deducted on 1 march & paid on after 1 may than interest on delay payment of TDS is 3% (1march to 1april 1%, 1april to 1may 1% & after 1may 1% = 3%) |
| |
| Posted By : Krishna Gupta |
11-May-2011, 02:16:07 |
| interest is charged for two month if the amount is deposited till 7th of may
|
| |
| Posted By : Raj |
10-May-2011, 07:06:29 |
| its for one month only. |
| |
| Posted By : Shalu Jain |
10-May-2011, 03:34:09 |
| I know the last date for depositing of TDS for the month of March is 30th April. But if it is not deposited till now than I think two month's interest should be charged as TDS has not been deposited by 7th May also. |
| |
|
|
|
|
