Interest on tds

TDS 629 views 3 replies

RESPECTED SIR,

I HAVE A QUARY OF INTEREST ON TDS.

BILL DATE:- 10/04/2012

BILL AMT:- 100000/-

TDS RATE:- 1% ON CONTRACT OTHER THEN ADVERTISEMENT

TDS PAYMENT DATE:- 28/06/2012

HOW MUCH TDS INTERST FOR ABOVE TRANSATION?

INTEREST CALCULATE FROM BILL DATE (10/04/2012 TO 28/06/2012 OR TDS PAYMENT DUE DATE (07/05/2012 TO 28/06/2012)

Replies (3)

Interest to be calculated from date of deduction, i.e. 10h April @ 1.5% p.m. 

Interst amount Rs. 45.00 for 3 month

i agreed with vinay

 


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