interest on late payment of tds payment
gourav sharma (articleship) (9 Points)
02 May 2017gourav sharma (articleship) (9 Points)
02 May 2017
Mahesh Babu
(CA Final)
(618 Points)
Replied 02 May 2017
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.