Dividend tax - rate of interest for late remittance
This query is : Resolved
venkat reddy gopidi
(Querist)
10 July 2009
What is rate of interest for late remittance of Dividend tax pleasse
CA. B.SRINIVASULU
(Expert)
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.
venkat reddy gopidi
(Querist)
11 July 2009
Thanks
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