Penal interest u/s 201
Querist : Anonymous
I am in Confusion , how to calculate month for cal calculating penal interest u/s 201 of IT Act . please consider the following .......
Suppose date of deduction of TDS is 15 April and payment date is
Case (1) 10 May
Case(2) 20 May
Now how many no of months interest shall be charged ?
the computation is done on calender month basis.
Querist : Anonymous
may you refer me the legal provision to your answer . so that ican also read for future purpose.
Querist : Anonymous
Querist : Anonymous
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