Tds
This query is : Resolved
03 May 2016
If any firm deposit tds after due date then what is rate of interest on late deposit. Any other penalty is applicable for it ?
03 May 2016
Interest on late deposition of TDS is levied at the rate of 1.5% pa for every month or part of month from the date of TDS till the date of deposition.
03 May 2016
its charges frpm the month in which you tds deducted to month of deposit
like if you deduct the tds in march and deposit in may then you have to pay intt @ 1.5% per month
total 4.5% on tds amount .
like if you deduct the tds in march and deposit in may then you have to pay intt @ 1.5% per month
total 4.5% on tds amount .
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