Interest penalty on TDS
This query is : Resolved
12 February 2011
let me know please interest penalty amount should charged on TDS amount or contract amount on which TDS deducted?
12 February 2011
Interest to be charged on TDS amount.
The rate of interest is 1.5% per month or part of the month.
The rate of interest is 1.5% per month or part of the month.
Message likes :
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12 February 2011
Hi
for delayed payment the interest will @ 1.50%
This amendment is proposed to take effect from 1st July, 2010
for delayed payment the interest will @ 1.50%
This amendment is proposed to take effect from 1st July, 2010
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