Hi everyone
Sir if we not deposited the TDS before 7th of Every
month,tehn what is the penality rate
Answers were Sorted based on User's Feedback
Answer / kamal kumar
the penalty rate of late deposit tds challan is 13% per
annum interest on tds.
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A is vendor of B. B owes him 50000/-. A asked B to conduct an event on his behalf and the expenses incurred by B was 25000/-. A issued a credit note in favour of B in full , stating that TDS done @10% on 25000/-. Now , B has to settle A's balance. 1.Entries in the books of B 2.How much B repaid to A for settlement and the Entry in his books.
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