Tds
This query is : Resolved
13 May 2015
Sir, I have deduct the TDs of contractors in the month of April but I could not deposit in due date ie before 7th may now I will deposit the same on 15th may my question is how much
interest I have to pay and what rate sir please
13 May 2015
You need to pay interest on late deposit of TDS @1.5% per month for two months i.e., for April and May.
So you need to pay 3% interest on TDS amount.
So you need to pay 3% interest on TDS amount.
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