Interest on tds


This query is : Resolved 

11 September 2013 Any one ask me how much interest will be charge if tds deduct date 31/03/2013 on provision basis and deposit 15/05/2013.

11 September 2013 1.5 percent interest on TDS deducted for 2 months..

11 September 2013 Section 201(1A)

interest on tds is caluculated for the period from the date of deduction to date of deposit

rate 1.5%

Agreed with above expert


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