DEAR Sir,
194C contact payment for securities deducted 1% 1872/- on amount of Rs.187195 now i have pay tds with interest how much arrive can u help to us. on Rs,.187195/- with interest amount.
radhakrishna (Accoouts Manager) (50 Points)
29 March 2013DEAR Sir,
194C contact payment for securities deducted 1% 1872/- on amount of Rs.187195 now i have pay tds with interest how much arrive can u help to us. on Rs,.187195/- with interest amount.
Anil Dandu
(CA FINAL)
(205 Points)
Replied 29 March 2013
For TDS late payment rate of interest is 1% On tax decuted amount (1872) per month or part of the month.
Phalgun
(Audit Manager)
(327 Points)
Replied 29 March 2013
For late deduction interest is charged at 1% per month or part there of . For late payment interest is charged @ 1.5% p.m or part there of.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India