Interest on late payment of interest on tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 August 2011
Dear Exparts Please let me know that What is the rate of Interest on "Interest on late deposit of TDS"?
Thanks in Advance
Thanks in Advance
21 August 2011
Rate of Interest on late deposit is 1.5% per month or part there off.
Rate of Interest on late deduction is is 1% per month or part there off.
Rate of Interest on late deduction is is 1% per month or part there off.
21 August 2011
To know in details about how to calculate period of default and interest, see below link. The same is discussed at length.
https://www.caclubindia.com/experts/tds-577865.asp
https://www.caclubindia.com/experts/tds-577865.asp
CA. Nitin Agrawal
(Expert)
21 August 2011
Fully agree with Mr. Sanjay Gupta
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