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Interest on interest on late payment of tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 November 2011 URGENT
Dear All

We have received a notice from Income Tax Department asking us to pay Additional Interest on TDS over and above which I have paid while making late payment of TDS. Furhter more they have charged Interest on 'Late Payment of Interest' as per Default notices servied by Them.

Kindly provide me provisions in Income Tax Act regarding payment of interest on Late Payment of TDS as well as provisions regarding Interest on 'Late Payment of Interest'rate per month
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
06 November 2011 You may refer Section 201 where you will find provisions for interest on late payment of Tax deducted /deposited.
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 November 2011 There was no provision on Interest on Interest on late payment of TDS, can any one help me in sorting the issue.
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Aashok Kumar Sharma

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Aashok Kumar Sharma (Expert)
01 August 2024 https://docs.google.com/document/d/1nSVgsrsxK3SXvp0HgBRFA3405JiTNsg_ZqP85cc5UCI/edit?usp=sharing
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