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MATTER OF INT. OF TDS

This query is : Resolved 
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Guest

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Guest (Querist)
10 November 2010 GOOD MORNING TO ALL OF YOU,
PLZ TELL ME INT. OF LATE PMT. OF TDS 1.50 IN UTTARAKHAND. IS IT RIGHT
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
10 November 2010 1.5 % per month or part of a month is correct w.e.f 1/7/2010.
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Guest

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10 November 2010 thanks sir,
sir this about query i m much disyurb .i m not find solution of it. my query is that we purchase some material from china .my co. is a firm .if we will pmt. them in which rate we will deduct tds from his amt. 2% or 1 % in case of firm or co.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
10 November 2010 TDS is not deducted on purchase of materials..
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