Interet calculation on late payment of tds ?

CA Sankalp Patwa

193 Points Posted on 07 July 2012

Interest will be charged from 14th April to 12th July for 4 months.

chintan

accountant

21 Points Posted on 25 May 2013

Received me a bill of March 2013 in the Month of May 2013 and i file my TDS return now i have to deducted TDS for the party its should be calculated late pyament if yes then 1% ya 1.5% pls help me out

CA Deepak Rathore

EXPERT

281 Points Posted on 25 May 2013

its 1.5% for every month or part of month..
In Ur Case 14\04 to 12\07 3 months

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CA Sankalp Patwa

chintan

CA Deepak Rathore

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