Interest rate on delay deposit of tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 November 2014
when to charge 1.5 % Per month interest rate when not deduct TDS on Advance payment
or
1% Per month when credit to party in books of account and deduct TDS but not payment to party .
or
1% Per month when credit to party in books of account and deduct TDS but not payment to party .
16 November 2014
When TDS is deducted but not deposited interest on late payment to be paid @1.5% p.m. When TDS is not deducted or short deducted Interest on short deduction to be paid @1% p.m.
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