Tds int.
This query is : Resolved
AJAY P SAVANIYA
(Querist)
27 March 2014
WHAT IS THE RATE OF INTEREST FOR TDS LATE PAYMENT???
Sandeep Dharar
(Expert)
27 March 2014
IT IS 1% U/S 234A
27 March 2014
yes it is 1% p.m or part thereof u/s 234A.
Nikhil Kaushik
(Expert)
27 March 2014
friends, since when 234A is about TDS?
Ajay, please refer refer 201(1A)
(i) at one per cent for every month or part of a month on the amount of such tax from the date on which such tax was deductible to the date on which such tax is deducted; and
(ii) at one and one-half per cent for every month or part of a month on the amount of such tax from the date on which such tax was deducted to the date on which such tax is actually paid,
Ajay, please refer refer 201(1A)
(i) at one per cent for every month or part of a month on the amount of such tax from the date on which such tax was deductible to the date on which such tax is deducted; and
(ii) at one and one-half per cent for every month or part of a month on the amount of such tax from the date on which such tax was deducted to the date on which such tax is actually paid,
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