Dear All
We have made entry on 31.03.2013 for payment u/s 195. We have deducted TDS amounted to Rs.1151457.00, but we have not paid till Dec 2013.We have paid the TDS on 08.01.2014 by calculating iterest @ 1% for 10 months.
pls suggest whether this calculation is correct
interest to be charged @ 1.5% from date of deduction.
Arpan Bohra & Co
Hyderabad
CA Inter
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Krea University
Chennai
CA
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CCI
Pro
CAclubindia
