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Tds

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(Querist)
26 November 2013 I have received an intimation demanding interest on late payment of TDS and at the same time there is a column demanding Late payment Interest from Date of Deposit of Tax till Date of Processing. I did not understand this interest on interest concept. Please help.
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ACS Gaurav Jain

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ACS Gaurav Jain (Expert)
27 November 2013 There is simple intrest rate provision on intrest
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Neha Jindal

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Neha Jindal (Querist)
27 November 2013 And what is the rate of interest?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
14 August 2023 1% rate ...
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