Interest on tds payment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2016 Sir,

Please clarify the following issue.

1. TDS is not deducted 1%
2. TDS is deducted but not paid 1.5%

In the above 1 point I have deducted tds in the month of July for April and I am accounting in the month of April whether the TDS of 1% will be applicable.

Please clarify whether 1%+1.5%=2.5% will be applicable?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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11 July 2016 TDS is applicable @1.5% PM from the month of April To July 4 months, TDS to be calculated @1.5% and same to be multiply with the number of months delayed from the month of booking.

Querist : Anonymous

Querist : Anonymous (Querist)

12 July 2016 Sir,

Please clarify when 1% rate of interest applicable?

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