TDS Doubts?

S.Prasanna (Financial consultant) (90 Points)

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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CA Raj Doshi (Practising CA) (8944 Points)
Replied 23 January 2022

Tds amount 860
interest 52
( 1.5 % p.m for 4 months )

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S.Prasanna (Financial consultant) (90 Points)
Replied 23 January 2022

Ok .Thank you sir

sabyasachi mukherjee (27803 Points)
Replied 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.

CA Raj Doshi (Practising CA) (8944 Points)
Replied 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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