interest on delayed payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 October 2010
I have deposited the cheque on 05.10.10 for service tax.. for the quarter july to sept...but now its returned beacuse of less balance in the account...now how i have to calculate interest for the delayed payment???
08 October 2010
Calculate simple interest @ 13% per annum for the number of days delay ie., starting from 6th to the date of payment.
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 October 2010
k...thank u very mch....
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