RESPECTED SIR,
I HAVE A QUARY OF INTEREST ON TDS.
BILL DATE:- 10/04/2012
BILL AMT:- 100000/-
TDS RATE:- 1% ON CONTRACT OTHER THEN ADVERTISEMENT
TDS PAYMENT DATE:- 28/06/2012
HOW MUCH TDS INTERST FOR ABOVE TRANSATION?
INTEREST CALCULATE FROM BILL DATE (10/04/2012 TO 28/06/2012 OR TDS PAYMENT DUE DATE (07/05/2012 TO 28/06/2012)
Interest to be calculated from date of deduction, i.e. 10h April @ 1.5% p.m.
i agreed with vinay
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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