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Short tds deduction

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 April 2016 Dear Experts,
I have deducted short TDS 1% instead of 2% plz let me know how many percent
Interest will be payable on short fall amount
weather 1% or 1.5%

Regard
Vivek somani
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 April 2016 It is 1 % only in case of short deduction.
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Querist : Anonymous

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Querist : Anonymous (Querist)
28 April 2016 But sir my CA has said 1.5% interest will be payable on short deduction...
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 April 2016 1.5% is for TDS deducted but not paid to Govt.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
28 April 2016 only 1% is for delay in deduction 1.5% is for delay in remitted after deduction.

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