13 September 2010
If Rent is Short Deducted in F Y 2009-2010 and while finalising return we want to deduct tax then at what rate the interest is payable?
13 September 2010
Interest on late payment is tds is upto 30th June 2010 is 1% P.m afterwards , from 1st JULY it is 1.5% p.m Now you have to caculate interst from the month from which short deduction is made.
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