Is there any TDS liability arise on brokrage/commission paid on sale of plot....what rate...if delayed in deduction/payment......what panalty.......
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Tds
Replies (4)
10% Tds on Commission and Brokerage
1% interest on late payment
I agree with Sonuji, but the rate of late payment of TDS is 1.5% p.m. from the date of deduction.
In case of late deduction, it is 1% p.m.
| Originally posted by : Prateek Agarwal | ||
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I agree with Sonuji, but the rate of late payment of TDS is 1.5% p.m. from the date of deduction. In case of late deduction, it is 1% p.m. |
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I think payment Date is 7th in the Following Month so Interest Will be Applicable from that Date i e 8th
No sir, interest is calculated from the date of deduction, not from the due date.
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