TDS - Delay payment interest
This query is : Resolved
24 October 2009
Delay payment of TDS remittence to Govt, what is the rate of interest
CA A RAMVEL
(Expert)
24 October 2009
Hi Kesavan,
It is 1% per month or part of the month
It is 1% per month or part of the month
24 October 2009
Pl see section 201(1A) of The Income tax Act,1961 for further details.
Visit www.incometaxindia.gov.in
Visit www.incometaxindia.gov.in
24 October 2009
Simple Interest is @1% per month or part of the month, from the date it becomes deductible till the date of payment.
24 October 2009
Simple Interest is @1% per month or part of the month
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