Rate of interest on late payment of interest on tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2013
that i tds on 194a amounted rs.14000 deductedon 31/03/2013
and i was deposit that tds on 11/05/2013
but i was not paid the interest amount of rs. 420
now i want to pay that amount
than tell the rate of interest on late payment on interest on tds
and i was deposit that tds on 11/05/2013
but i was not paid the interest amount of rs. 420
now i want to pay that amount
than tell the rate of interest on late payment on interest on tds
CMA Ramesh Krishnan
(Expert)
12 August 2013
Under Income tax, there is no concept of Interest on Interest, so you have to pay only the interest on delay payment of tds.
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