interest u/s 201(1A)
This query is : Resolved
23 September 2008
THEN WHAT IS INTEREST, ACT IS CHARGING U/S 201(1A) FOR LATE DEPOSTING OF T.D.S.?
23 September 2008
Interest is 1% for every month or part of a month for failure to deduct the whole or any part of the tax,or delay in remitting, tax deducted at source by the person responsible for deducting tax.Section 201 (1A) says so.
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