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TDS Doubts?

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Financial consultant
90 Points Posted on 23 January 2022
Repairs & Maintenance(Individual) Bill amt Rs.86000/- Not deducted TDS for the month of Oct'21.Next Month How much Tds amt deduct with interest sir?
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On 23 January 2022 at 13:18 Report
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Practising CA
8954 Points Posted on 23 January 2022
Tds amount 860
interest 52
( 1.5 % p.m for 4 months )
1 Reply
On 23 January 2022 at 13:25
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Financial consultant
90 Points Posted on 23 January 2022
Ok .Thank you sir
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On 23 January 2022 at 15:49
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Profession Business
28207 Points Posted on 23 January 2022
Here it's an individual bill.
So rate of tds deducted @ 1.5% is not correct . per month. It's an aggregate bill of Rs.86000. rate is not correct.
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On 23 January 2022 at 18:29
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Practising CA
8954 Points Posted on 23 January 2022

Tds rate is 1% ( 1% of 86000 )..Interest rate is 1.5%..

 

Please confirm the above understanding to the querist.  

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On 23 January 2022 at 18:33


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