I want to enquire that if we not deduct the tds on same day
but at the end of the month
than will it attract any int.
if yes than in which section and how, at what rate
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why Ded. on same not end of the month. any int.
Replies (1)
tds sholud be deducted when bill have been recevied or payment has been made which ever is earlier. if u deducted the tds on the end of month you will be liable to pay int. @ 1% simple intrest.
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