Tds interest
This query is : Resolved
K Kasiraman
(Querist)
08 September 2012
sir,
we have remitted TDS amount by delay for 4months for this we are paying the Interest, my query is under what section this tds on interest can be paid. for eg., 194C TDS deducted on 1.4.2012, remitted on 3.6.2012.
we have remitted TDS amount by delay for 4months for this we are paying the Interest, my query is under what section this tds on interest can be paid. for eg., 194C TDS deducted on 1.4.2012, remitted on 3.6.2012.
S Sivasalapathy
(Expert)
08 September 2012
U/S 201, 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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