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

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.


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