I have noticed that in June 2016 one invoice got paid to vendor ABC Electrical Company with 1% TDS. Actually this was a firm and we would have deducted TDS @ 2%. Please let me know whether we can remit balance 1% without interest or with interest
Payment date : 01-Jun-2016
Accounting date : 18-May-2016
TDS invoice amount : 50000
TDS deducted @ 1% : 500
CAclubindia
