Tds interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 May 2014
Dear Sir,
I have late payment for the TDS of March 31st 2014. I will pay on today so what is the persentge interest on the amount.
I have late payment for the TDS of March 31st 2014. I will pay on today so what is the persentge interest on the amount.
08 May 2014
Hi
Interest on late deposit of TDS is applicable @ 1.5 % per month or part thereof. The period for delay is taken from date of deduction to date of payment.
So int @ 1.5% for 3 months i.e. 4.5%
Thanks
Interest on late deposit of TDS is applicable @ 1.5 % per month or part thereof. The period for delay is taken from date of deduction to date of payment.
So int @ 1.5% for 3 months i.e. 4.5%
Thanks
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