interest on delay deposition of TDS
This query is : Resolved
26 November 2008
hi
I have deposited my TDS for the month of October on 10th of November 2008. but i haven't deposited the interest for the delay in deposition. so am i liable to pay interest on amount of interest that was defaulted?????
I have deposited my TDS for the month of October on 10th of November 2008. but i haven't deposited the interest for the delay in deposition. so am i liable to pay interest on amount of interest that was defaulted?????
26 November 2008
Yes u/s 201(1A) @ 1% for every month or part of a month's delay.
CA.ViVeK M ACA
(Expert)
26 November 2008
Interest shall be applicable.
P.Gopinath
(Expert)
26 November 2008
You can pay interest after receiving demand from the dept.
26 November 2008
No, only simple interest is payable.
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