INTERST RATE FOR NON-PAYMENT OF TCS ON SCRAP SALE U/S 206
This query is : Resolved
16 December 2009
SIR,
INTERST RATE IS 1% OR 2% FOR NON-PAYMENT OF TCS AND TDS IN GOVT DEPTT.
PLZ REPLY..................../
INTERST RATE IS 1% OR 2% FOR NON-PAYMENT OF TCS AND TDS IN GOVT DEPTT.
PLZ REPLY..................../
16 December 2009
Rate of interest is 1% for every month or part of the month on amount of tax from the date on which tax was deductible to date of actual payment. Refer sec.201(1A)
19 December 2009
Agreed
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