Tds
This query is : Resolved
21 November 2013
PAYMENT U/S 94C
PAYMENT MADE ON 31-10-2012
TDS DEDUCTED ON 31-10-2012
PAYMENT MADE ON 08/11/2012
INTEREST IS CALCULATED FOR HOW MANY MONTH?
PAYMENT U/S 94C
PAYMENT MADE ON 31-10-2012
TDS DEDUCTED ON 31-10-2012
PAYMENT MADE ON 08/11/2012
INTEREST IS CALCULATED FOR HOW MANY MONTH?
21 November 2013
interest is payable for a month at 1.5%
23 November 2013
I'm not agree with your answer.The interest is payable for 2 months because in the act it is given that interest will be calculated from the date of deduction also IT department calculates interest for 2 months in the same case.
23 November 2013
i agree with Krshnakumar ji....it is for two months only!! i mistyped. On the same day answered several queries stating that interest will be applicable for two months..Regards
Nikhil
Nikhil
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