Tds
This query is : Resolved
shagun mahandru
(Querist)
12 May 2015
if we have not deducted tds for the whole year and not deposited as well then do we have to pay TDs with interest of 1% and 1.5% pm both? or only 1.5%pm
12 May 2015
You need to pay interest @ 1% per calender month from the due date of deduction till the date of actual deduction and interest @ 1.5% per calender month if the TDS so deducted is not deposited within due date.
CA AnKiT BoHrA (AB)
(Expert)
12 May 2015
Generally if you deduct it now and pay it immediately only interest for latee deduction will b charged....
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