Compound interest under tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 August 2011
Dear Sir's
Please explain me what is compound ineterest? recently we have received notice from TDS dept asking for Int + Int on Int for delay in TDS payment, please explain under which which section the same will come.
Raghavendra
Please explain me what is compound ineterest? recently we have received notice from TDS dept asking for Int + Int on Int for delay in TDS payment, please explain under which which section the same will come.
Raghavendra
28 August 2011
Interest on Income tax apply on simple interest basis, not compound interest
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