| Discussions Forum | ||||||
Home  Forum Income Tax This
|
||||||
| A Public Forum. Anyone can participate to share knowledge. |
||||||
|---|---|---|---|---|---|---|
| We acknowledge the contributions of Experts/ Authors. | ||||||
Submit new Issue / Query |
||||||
Period for which Intrest to be calculated U/s 201, Income Tax |
||||||
|
||||||
Period for which Intrest to be calculated U/s 201 |
||||||
Sir,
Please tell us intrest period in the following example:
Financial year 2008-09
Date of deduction of tax 31.03.2009
due date for deposit of tax for entries passed on 31.03.2009 - 31.05.2009
TDS deposited in the month of Sep-09
Should we calculate TDS from April-2009 or June -2009?
Thanking you
Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
It would be calculated for delayed period only.
With reference to your reply please give us any reference section or case law or any circular or notification with your comments. Since most of us taken stand for calculation from the date of April month it self ( as per the example)
The provisions of section 201 are plain and clear, in case of delayed deposit of tds deducted earlier, interest is payable from the date of deduction.
Page: 1 Old Query - New Comments are closed. |
||||||
