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TDS Interest Rate

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..... TDS Interest Rate
Query (Issue) Started By: - guna ch Dated:- 7-12-2012 Last Reply Date:- 27-12-2012 Income Tax
Got 4 Replies
Income Tax
Dear Sir/s Kindly advise me what is the present i .....

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..... nterest reate, if tds deducted but not deposited, tds not deducted ? currently i am charging interest @ 18% p.a.Is it currect or not Advance Thanking you. Reply By CA Seetharaman K C: The Reply: I .....

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..... f TDS is not deducted then interest is payable @ 1% per month or part thereof from the date on which TDS is deductible uptill the date on which it is deducted and 1.5% per month or part thereof from t .....

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..... he date on which TDS is deducted till the date of actual payment. Reply By guna ch: The Reply: Thanking You Sir. Reply By SHANKAR POLLAMARASETTY: The Reply: Dear sir, 1) TDS Collected But not de .....

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..... posited - 1% per month or part of the month 2) TDS not deducted - 1.5% per month of part of the month so, you are collecting wrong percentage and that 18% interest relating to Service tax. Shankar .....

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..... Accountant Reply By Shabbeer Pasha: The Reply: Dear Sir, Have lost the data in TDSMAN software by formatting computer... any ways to file the TDS returns or recover the data? Please suggest Shab .....

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..... beer
Discussion Forum - Knowledge Sharing .....

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