Interest on late payment of tds?
This query is : Resolved
CA Abhishek Singh
(Querist)
11 October 2010
tds for the month of Feb10-10000,mar-10000
date of payment 25th June-10(for feb) and 31st july for march.
what will the interest that will be paid.
date of payment 25th June-10(for feb) and 31st july for march.
what will the interest that will be paid.
11 October 2010
Interest @5% on TDS of Feb
(1% for feb to june)
and 5.5% on TDS of march
(1% for march to june and 1.5% for july)
(1% for feb to june)
and 5.5% on TDS of march
(1% for march to june and 1.5% for july)
18 October 2010
A simpple interest of 12% p.a is applicable for the late payment of tds , in the other word it can be say that 1% P .m is the rate of interest for the late payment of tds
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