17 February 2015
when Tds deducted on advance payment but not deposit TDS then interest rate appl is 1.5 % Per month. other than when we deduct TDS on Credit or provision but not Deposit TDS then interest rate on TDS applicable is 1% per month . Please reply this question.
17 February 2015
Whenever TDS is deducted but not deposited interest on late deposit to be paid @ 1.5% per month. When TDS is short deducted or not deducted then at the time of deduction and payment of such TDS interest to be paid @ 1% per month.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
18 February 2015
but sanjay sir i just want to know that 1.5% interest charged on making payment when after deduct TDS not deposit.
1% on credit Ie on journal entry if i have deducted TDS on Journal entry but not paid to party,