at one and one-half per cent. for every month or part of a month **************************** on the amount of such taxfrom the date on which such tax was deducted to the date on which such tax is actually paid, ****************************** and such interest shall be paid before furnishing the statement in accordance with the provisions of sub-section (3) of section 200.”.
21 May 2012
If TDS has been deducted at the time of making payment to the party then interest chargeable for 14 months i.e April 2011 to May 2012 @ 1.5%.
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