Interest on tds
This query is : Resolved
MANASH DAS
(Querist)
04 April 2015
Interest @1.5% p.m. or part of the month is to be charged on delay payment of TDS on the amt of TDS including cess OR excluding cess ?
04 April 2015
cess is not applicable for tds. So interest is excluding cess
05 April 2015
In case of TDS u/s 192 Interest on late deposit of TDS @1.5% per month will be paid on amount including cess.
Kaushik Joshi
(Expert)
06 April 2015
Dear Manash,
As both the experts have suggested, if the tds section requires you to calculate cess (sec 192), then with cess, else other sections don't require payment of cess anymore.
As both the experts have suggested, if the tds section requires you to calculate cess (sec 192), then with cess, else other sections don't require payment of cess anymore.
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