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interest on TDS

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(Querist)
26 June 2010 IS THE RATE OF INTEREST ON LATE PAYMENT ON TDS IS INCREASED FROM 1 ST JULY ?

IF IT IS YES HOW MANY %
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
26 June 2010 yes.it is incresed from 1% to 1.50% from 1.7.2010 through finance act 2010
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CMA.Palani Arumugam

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CMA.Palani Arumugam (Expert)
26 June 2010 Agreed.




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