Intererst rate
This query is : Resolved
10 May 2014
My company do not file the return and tds return for last two year, how much interest rate of last two year ? what is the penalty charge ? please calculate any example.
Thanks & Regads
Rajesh Gupta
Thanks & Regads
Rajesh Gupta
CA. Amit G. Chandani
(Expert)
10 May 2014
Income tax return: Interest @ 1%p.m from 30th September till date of filing return + penalty of Rs. 5000 + Advance Tax interest, if applicable.
TDS: 200/- per day subject to maximum TDS.
TDS: 200/- per day subject to maximum TDS.
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