TDS deducted for debit balance Interest
This query is : Resolved
07 November 2019
Dear Sir/Madam,
I have received one interest invoice for late payment bill, its above Rs.10000 so how much i want deducted TDS ?
I have received one interest invoice for late payment bill, its above Rs.10000 so how much i want deducted TDS ?
07 November 2019
Hi Ranjit, TDS Should be deducted @ 10% u/s 194A ( Interest others ) ,if the interest exceed rs 5000. So u should deduct TDS @ 10%.
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