Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 3169 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
Why did you choose the a-levels you did?
what is profit and loss(dr) in cash flow statement?
what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.
What is icai?
I want to know accounting information in oracle apps projects costing module. i.e Which account is cr and which account db. Please help me.
Tell me what a deferred asset is and give an example?
Describe the proof of cash type of bank reconciliation?
"Closed Period" method. our current company method of accounting is called the "OPEN PERIOD". It's time we'd like to use the "CLOSED PERIOD". What is the standard timing and detailed procedure for closed period most of the company have been used. Please advise. thanks.
why we multiply no. of purchasing year with average profit
Do you know what is the importance of team work in this position?
What is the difference between a provisions and reserves?
Differentiate accounting and auditing?
what is capital reserve
WHAT ABOUT YOUR SELF IN ACCOUNTING SYSTEM
What are the advantages & disadvantages of double entry system?
