invoice date 05/11/15 (for Oct rent paid on office building 100000/-) we accounted in my books 30/11.15 and we paid TDS on 07/01.2016 what is the actual interest caliculation
can please explain
thanking you
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Tds interest calculation
Replies (1)
Rent Is Rs.100000 x 10% = TDS Rs.10,000/-
Interest Rs.10,000 x 3 Months x 1.5% = Rs 450
Note: Hope Rs. 1,00,000 is excluding amount of service tax
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