William Peter.a (CA Final ) (179 Points)
27 January 2014Dear All
We have made entry on 31.03.2013 for payment u/s 195. We have deducted TDS amounted to Rs.1151457.00, but we have not paid till Dec 2013.We have paid the TDS on 08.01.2014 by calculating iterest @ 1% for 10 months.
pls suggest whether this calculation is correct
PARV
(TAX ASSISTANT.)
(202 Points)
Replied 27 January 2014
interest to be charged @ 1.5% from date of deduction.
CAclubindia
