Tds intrest @ 1.5%
This query is : Resolved
17 July 2012
if i deduct tds on rs 10000 under section 194j @ 10% i.e.1000 of dated 30.04.2011 and deposit on 06.06.2011 what will be the interest pay amount & month please describe it.
17 July 2012
Interest to be paid 3% i.e for two months @1.5 p.m.. Even though 2 month has not elapsed the rules say 1.5% p.m. or part thereof. So interest to be paid for two months.
19 July 2012
thank you sir for solved my queries.
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