Hi,
We paid professional fee for our consultant on JAN and reduced TDS. We failed to make payment on feb 7th & following month also.
Now whether interest has to be paid for 2 month or 3 months considering I'm paying immediately.
Also how much interest rate to be paid monthly on TDS amount
Thanks
Hi
For Non payment of TDS within the due date, Interest is charged at the rate of 1.5% per month from the date on which TDS is deducted till the date it is paid. This is calculated on monthly basis and part of month is taken as one full month.
Thanks
CAclubindia
