Hi!
I pay a monthly rent of 50,000. The TDS amount at 10% is 5000 pm. I have deducted that amount and payed rent at 45000 pm for December 2012, January, February and March 2013. But I havent made the TDS payment yet. Can someone please tell me the interest amount I need to pay along with a total TDS amount of 20,000 as on September 2013.
Thankyou
Interest should be levied from the date of deduction to the date of payment @ 1.5% per month or part of the month
So please mention the date of deduction in your query
Penalty on late filing of TDS returns will also apply.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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