Tds
This query is : Open
29 June 2017
Sir,
I have booked a entry for audit fees payable and deducted TDS under section 194J on 31-3-17 but TDS amount is not yet deposited and fees is not yet paid. My question is whether interest will be paid on payment of TDS and at what rate 1% or 1.5%????
I have booked a entry for audit fees payable and deducted TDS under section 194J on 31-3-17 but TDS amount is not yet deposited and fees is not yet paid. My question is whether interest will be paid on payment of TDS and at what rate 1% or 1.5%????
Ashiwini Ballodia
(Expert)
29 June 2017
For late payment interest @ 1.5 % but if you has deducted TDS as on today than Interest @ 1% for late deduction
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