Interest for tds amount late deposit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 July 2012 a deductor deduct tds amount u/s 194A on 31.03.2012, now he wants to deposit tds payble to govt account @ 10% on amount credited.

but how much he will pay interest on late deposit.

from 31.03.2012 to 10.07.2012 (5 month) or from due date (31.05.2012 to 10.07.2012 (2 month)

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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10 July 2012 For you information the due date is not 31.05.2012 but it was 30th April 2012 for all TDS deducted during the month of March, 2012.

Interest to be paid for 4 month @ 1.5% per month for late deposit.

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