Interest on 1st qtr late tds payment
This query is : Resolved
Naveen Semwal
(Querist)
29 August 2012
Dear Sir,
Please tell me we had TDS late Deposite 1st Qtr. 2011-12 and now we have been liable to payment of Interest for late payment please tell me what is the online payment process for that and which Section is applicable for it.
Please tell me we had TDS late Deposite 1st Qtr. 2011-12 and now we have been liable to payment of Interest for late payment please tell me what is the online payment process for that and which Section is applicable for it.
29 August 2012
Pl look at section 201(1A). interest would be at the rate of 1.5 percent in case of late payment and 1 percent in case of late deduction
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