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interest on late payment of tds payment
if I paid tds on 30 April but challan is generated on 2 may then what is rate of int. is imposed for late payment
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The system will take the Date on which Payment was made as the paid date, not realised date for online payments.
for cheque payments, the date will be mentioned by the bank in the challan itself on which it was actually made.
The late payment of interest will be levied @ 1.5% per month or part of month for such late payment of TDS.
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