Tds
This query is : Resolved
13 February 2016
in case payment made on april 2015 rs 80000.... no tds deducted on the same ....
now company wants to make payment of tds on the above mentioned amt @ 2% as is under 194C....
what will be the interest amt on this...
whether will hv to pay 1% for late deduction and 1.5% for late payment of tds from april to feb????
now company wants to make payment of tds on the above mentioned amt @ 2% as is under 194C....
what will be the interest amt on this...
whether will hv to pay 1% for late deduction and 1.5% for late payment of tds from april to feb????
13 February 2016
As per section 201,Interest shall be levied at 1%
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