A company has not deposited TDS since April 2010 till 31-12-
10. TDS amount is around 3.00 Lacs per month u/s 194c,J and
1.00 U/s 192. Can any one tell concequences and chart in
excel sheet how much to be deposited as on 31.12.2010 with
interest.
For each quarter - whether interest calculation is separate
or to take it cumulative. pls explain with qanswers and hoe
much panely , interest to be paid till 31.12.2010 also
inform the status of tds certificates to be issued and
panelty for the same for late issuance. i.e what shud be
the date of issuing the certificates to public & empoloyees.
- 1 Answers
- 3390 Views
- I also Faced
- E-Mail Answers
Answer Posted / naveen krishna
As per the Income tax Act 1961 , The deducted TDS amount
U/s. 194 C, I should be remitted on or before 7th of the
succeding Month. In the case of April 2010 deduction should
be remitted before 07.05.2010.
In your case interest will be charged for non payment of
Dedcution amount @ 1 % P. M Upto May 2010 and after that @
1.5% P. M
April Collection Amount : 8 Months Interest charged
May Collection : 7 Months
June Collection : 6 Months Like.,
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
what is your opinion regarding T.V shows on youth
There is no item category assigned to account
What is your greatest achievement and why?
what's the mean by Imprest system? Please give me Replay on this no. 9885789716
Tell me which accounting application you prefer most and why?
Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-
Tell me what is your track record for consistently achieving your targets?
Calculate the missing figures for company A. A Sales (TSR) (a) Total Variable Costs (TVC) (b) Total Fixed Costs (TFC) $24,000.00 Profit $0.00 Units Sold 1,000.00 Contribution Margin Per Unit (CMU) (c) Contribution Margin Ratio (CMR) (d) Break-Even Point (BEP) (Units) (e) Break-Even Point (BEP) (Dollars) $60,000.00
a.what products does your firm produce? b.what costs are asssigned to the product produced? c.for particular product,what direct materials are used? d.what percentage of total manufactoring costs is direct labor? direct materials?overhead? e.how is overhead assigned to the products? f.do you now use or plane to use an activity_based management system?why or why not?
why i want to join Hawkins company
What is account payee cheque? Expand ctc cheque?
Have you ever made mis reports and what are they?
Tell me about a situation where you showed determination?
IS METHODEX IS GOOD INSTITUTE FOR SAP FICO MODULE TRAINING. IS IT IN BANGALORE OY HYDERABAD.
Do you use social media to identify prospects?
