Interest on tds
This query is : Resolved
shweta bombe
(Querist)
13 February 2014
A LTD HAS NOT PAID TDS OF Rs. 10,000/- RELATING TO FINANCIAL YEAR 1999-2000 TILL DATE. INTEREST ON DELAYED TDS COMES TO Rs. 16,803/-.(INTEREST RATE 1% P.M. & FROM 01.07.2010 1.5% P.M. CONSIDERED)
KINDLY CLARIFY WHETHER INTEREST ON DELAYED TDS CAN EXCEED AMOUNT OF TDS??????????
REPLY
KINDLY CLARIFY WHETHER INTEREST ON DELAYED TDS CAN EXCEED AMOUNT OF TDS??????????
REPLY
Nikhil Kaushik
(Expert)
13 February 2014
no. there is no such provision under section 201.
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