TCS
This query is : Resolved
01 June 2009
Sir
in the year 2008-09 we are collected advance for to sell scrap material but not paid the TCS, Can we pay with late interest in this 2009-10 year ??? if so what is the interest rate?? 1% per month or any other??
in the year 2008-09 we are collected advance for to sell scrap material but not paid the TCS, Can we pay with late interest in this 2009-10 year ??? if so what is the interest rate?? 1% per month or any other??
01 June 2009
Can pay in 2009-10 with interest. Interest rate is 1% for every month or part of a month's delay. Ref:- section 206C(7).
01 June 2009
agreed. credit the sale account in he F.Y. 2009-10.
01 June 2009
agree with experts
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