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interest on delay deposition of TDS

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(Querist)
26 November 2008 hi

I have deposited my TDS for the month of October on 10th of November 2008. but i haven't deposited the interest for the delay in deposition. so am i liable to pay interest on amount of interest that was defaulted?????
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
26 November 2008 Yes u/s 201(1A) @ 1% for every month or part of a month's delay.
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
26 November 2008 Interest shall be applicable.



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P.Gopinath

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P.Gopinath (Expert)
26 November 2008 You can pay interest after receiving demand from the dept.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
26 November 2008 No, only simple interest is payable.

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