I HAVE MADE ADVANCE PAYMNET TO THE CONTRACTOR IN THE MONTH OF APRIL 2022 BUT NOT DEPOSITED TDS AMOUNT @ 2% ON IT. NOW I AM DEPOSITING TDS AMOUNT IN THE MONTH OF JUNE 2022 BEFORE 7TH. WHAT WILL BE PENALTY/INTEREST I HAVE TO PAY ON IT? KINDLY SUGGEST WITH THE EXAMPLE FOR THE SAME.
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TDS ON ADVANCE PAYMENT MADE TO THE CONRACTOR
Replies (4)
You have to pay interest @ 1.5% for 3 months.
Interest is p.a. or p.m
It is per month ...............
Pls post actual dates.
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