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Tds

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(Querist)
07 November 2014 dear , please confirm the interest rate on late payment of tds after 6 months. is there any additional charges. pls explain.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
07 November 2014 if you deducted tds 6 months ago and are now depositing the same with govt, then you need to pay interest at 1.5% pm for each month or part of the month since date of deduction to date of deposit.

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