Tds

This query is : Resolved

seeta (Querist)
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24 December 2011 Sir,
for the FY 2009-10
I paid TDS along with interest on 21/8/10
but File return on 21/10/10
sir my question is that
Should i liable to pay interest for the period from 21/8/10 to 21/10/10
If Yes than by what Rate

Pls reply urgent

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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24 December 2011 Interest Need to be paid only for the period of delay in depositing. So no need to pay interest for the period from 21/08/10 to 21/10/10.

In case of delay in filing of return there is penalty of Rs 100 per day till the default continues. But this penalty is rarely imposed.

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