we deduct TDS on rent Rs 4256 monthly but deposit in bank quarterly before 7th of every quarter . How much of interest we have to pay on total Rs 12162? is there we receive any penalty for deposit quarterly TDS? Please clear all the procedure..........
22 November 2011
Suppose you have deducted tds on 28.07.11 and due date was 07.08.11, and you deposited tds on 01.09.11, then you will liable to pay interest for the three month.
CAclubindia
