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Tds

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(Querist)
11 July 2013 Is interest on interest on late payment of TDS liable to be paid?
ie. Say tds was paid on 10th june instead of 07th june. The assessee was liable to pay interest @ 1.5% for two months (since tds was deducted in may and part of month is considered full month). However the assessee did not pay interest. Is the assessee liable to pay interest on this interest along with interest as on date?
If yes than for 2 months @ 1.5% p.m,right ?
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V K Bajaj

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V K Bajaj (Expert)
12 July 2013 Yes pay for two months.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
12 July 2013 PAY INT FOR 2 MONTHS @1.5 %
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divya barola

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divya barola (Querist)
16 July 2013 @Mr Tushar Sampat
U mean interest on interest for two months or just interest @2% ?
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