HELLO,
SUPPOSE PROPERTY WAS RENTED FOR THE PERIOD APRIL'2011-MARCH 2012 AND SUPPOSE IF RS 1000 TDS WAS TO
BE GET DEDUCTED FOR THAT PERIOD(APRIL-2011 TO MARCH-2012) WHICH DID NOT GET DEDUCTED?
WILL THERE NE ANY PEANL INTERST IF DEDUDECT AND DEPOSITED NOW AND HOW THE INTERST WILL BE CALCULATED?
MEANS IS IT CALCULATED LIKE RS 1000*12(MONTHS)*PENAL INTERST RATE=RS 12000*INTERST OR
WILL IT BE CALCULATED LIKE THIS:
FOR APRIL'2011---RS 1000+INTERST FOR 11 MONTHS AND SO ON FOR REMMANING MONTHS OF FY 11-12?
THNX IN ADVANCE
CAclubindia
