Dividend tax - rate of interest for late remittance

This query is : Resolved 

10 July 2009 What is rate of interest for late remittance of Dividend tax pleasse

10 July 2009 1% per month or part therof rounded off to the completed months.

10 July 2009 Interest is payable u/s 115P. Rate of interest is 1%(w.e.f 08/9/2003) for every month or part therof for the period commencing from the date immediately after the specified date on which such tax was payable upto the date of actual payment.



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