penalty for late payment of tds
This query is : Resolved
08 December 2010
if tds payment made on the 8 th or 9 after due date, interest 1% should be paid for one month or no of days delayed.
08 December 2010
Interest on late deposit of TDS:
Rate 1.5% p.m. or for part of month w.e.f 01.07.2010
Rate 1.5% p.m. or for part of month w.e.f 01.07.2010
Praveen Sharma
(Expert)
09 December 2010
agree with expert.
09 December 2010
Even a day's delay is reckoned as delay of a month. The interest rate as conveyed by Mr.Sanjay is correct.
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