Interest on tds u/s 201

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 February 2013
Sir,
I would like to know about delay of interest on TDS u/s 201for how many months delayed Interest to deposit.
Say deduction on 8th January 2013 & Tds Deposit say on 8th Feb., 2013.

Please clarify.

Regards
Anil Jain
9312640067

CA Kishore Tallam

CA Kishore Tallam (Expert)
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08 February 2013 Interest to be paid for 1 month only but whether 1% or 1.5% interest depends on whether u have deducted or not.

Querist : Anonymous

Querist : Anonymous (Querist)

08 February 2013 Thanks Mr. Kishore.
Tds deducted on the same day i.e. 08/01/2013.

sir, what would be the answer if,
i) we deducted TDS on say 15.12.2012 and deposited on 14.02.2013 and

ii) we deducted TDS on 15.12.2012 and deposited on 15.02.2013 and

iii) we deducted on 15.12.2012 and deposited on 16.02.2013.

Please reply for how many months interest to be paid in above three cases respectively.

Please Sir,

Thanks in advance.

Anil Jain
9312640067