interest on tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 June 2011
if a persons deducted tax on 7th april and liable to pay to govt. on 7th may i.e 7 days after the close of the month in which tds is deducted ..
but tds to the govt. is paid by him on 8th june
wt is the amt of interest to be charged u/s 201 for failure to pay tds in time limit prescribed .
how many months interest..
whether 1 month or 2 months as fraction is also a month????
but tds to the govt. is paid by him on 8th june
wt is the amt of interest to be charged u/s 201 for failure to pay tds in time limit prescribed .
how many months interest..
whether 1 month or 2 months as fraction is also a month????
09 June 2011
One and half month for every month or part of month on the amouunt of such Yax deducted from the date on which such tax was deducted to the date on which such tax is actually paid.
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 June 2011
can u pls give me d exact months in the above case, 1.5% for how many months n why?
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