TDS
This query is : Resolved
19 November 2019
Dear sir,
I have received a notice for short deduction u/s 195 on 06/08/2019 and now the pursuing month is november and now i want to make payment.My question is what is the rate of interest calculation whether it is 1 or 1.5%.
Thanks ®ards
Bindu
I have received a notice for short deduction u/s 195 on 06/08/2019 and now the pursuing month is november and now i want to make payment.My question is what is the rate of interest calculation whether it is 1 or 1.5%.
Thanks ®ards
Bindu
19 November 2019
The interest for short deduction is 1% per month for short deduction amount from the due date of payment till the date of making payment.
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