Tds
This query is : Resolved
27 June 2012
SIr, amount is credited to party's a/c on 15th May, 2011 and TDS of Rs. 10000 is deducted on 10th June and deposited on 7th July.
What will be the interest u/s 201 for not deducting TDS and late deposit of TDS?
What will be the interest u/s 201 for not deducting TDS and late deposit of TDS?
27 June 2012
1% FOR 1 MONTH LATE DEDUCTION
1.5% FOR 1 MONTH OF LATE DEPOSIT
TOTAL INTEREST PAYABLE 2.5% OF TDS AMOUNT.
1.5% FOR 1 MONTH OF LATE DEPOSIT
TOTAL INTEREST PAYABLE 2.5% OF TDS AMOUNT.
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