last financial year'2007-08 i have not deposit TDS amount
till today. can i deposit TDS amount now with interest.
please advise me.
Answer Posted / chandra.g
If Your are paying tds of Rs.2000/- on professional fees in
January 16. which u r supposed to pay on or before November 7.
Then on Jan 16th you have to pay Tds amt Rs.2000/- along
with interest Rs.45 for 69 days.
Interest for 69 days (from 8th November to 16th January ).
Interest is 1% per month. so 12% for 1 year.
2000*12%*69/365. = 45Rs.
So you have to pay Rs.2000 Tds and Rs.45 interest on 16 th Jan.
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