08 February 2016
Sir, We have deducted the TDS on dated 31.03.2014 for an amount of Rs. 8000/-, but by mistake this amount have not paid, Now we want to pay the same, so what will be the interest portion for that amount?
We have calculate..... APRIL'14 TO FEB'16 = 23 MONTHS = 8000* 1.5% X 23= 2760/-
08 February 2016
Interest u/s 201 for late payment of TDS is payable from the date on which tax was deducted to the date on which it is deposited. Accordingly the period will be 31.03.2014 to 08.02.2016 = 24 months
CAclubindia
