08 September 2009
TDS deducted on 05-04-2008 TDS amount credited into Central Govt A/c on 31-03-2009. For calculating Interest which date i.e Due date:07-05-2008 Or 05-04-2008 is prefer. ??
08 September 2009
Interest is to be calculated under section 201(1A) from 05/4/2008 to 31/2/2009 at the rate of 1 % per month or part of a month comprised in the period of delay.