Interest & panalty on tds
This query is : Resolved
07 August 2013
In a proprietorship firm. I deduct TDS in may for Rs. 10647 & in June 1500 but i paid the same in 07.08.13 with interest for 213 & 15 respectively. Is this right calculation & should any panalty applicable on it? need direction.
Thanks & regards
Thanks & regards
13 August 2013
1ST Deduction 3 months interest and 2nd deduction 2 month interest will apply at the rate of 1.50% per month. No penalty will apply
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