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Help on TDS

RS (none)     17 March 2011

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What is the section for deduction TDS on interest on loan, financial consultancy services and credit rating services?

Also what is the rate of interest chargeable on late payment of TDS?



Pankaj Arora (Learner)     17 March 2011

Pankaj Arora
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Late deposit tds interest will be 1.50 % pm and late deducted tds interest will be 1% pm.. TDS u/s 194a @ 10% on loan’s interest paid to  financial consulancy service and rating services 

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