Late payment of tds u/s 194j

This query is : Resolved 

07 September 2012 Accounted Bill in April 2012 Rs 18500/- but TDS Not deducted u/s 194 J.
Which Interest Rate is follow deducting TDS in the month of Aug -2012

07 September 2012 Interest to be paid @1% p.m or part thereof. i.e., interest on late deduction of TDS.

So 5% interest to be paid.


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