How to calculate TDS interest for the financial year 2010-11
Answer Posted / sajith r.m
TDS is the expansion of tax deducatable sourse.according to
taxation law a perticuler segement in the income tax have
the provision for tax deduction.if we have the pan card
status this tax considered for tax deduction
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A Service provided has provided bill amounting rs. 100000 dt. 30/04/2013 & i have paid amount with 30000 Rs. as on 24/5/2013, & 20000 paid on 7/6/2013 & rest of the amount has been paid as on 15/6/2013 then on which amount TDS has been deducted. may it deducted on Bill amount or payment amount? If bill amount then at which date TDS entry should be done ? & if on Payment date then which date. and if i want to compute interest for late payment of TDS then Which date should be consider for interest payment computation. Do the needful for the same.
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