Tds

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vinu (Querist)
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10 November 2011 We have paid a sum of Rs.100000 on Advertising to a ad agency on 11.04.2011.we have not deducted TDS on the same.now we want to deduct tds on that.what will be the interest on late deduction and late payment(we have not yet paid the tds ).plz help

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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10 November 2011 Interest will be 1.50% per month or part of month from the date of advertisement payment that is 11.4.2011 on wards to till payment date