Tds interest rate
This query is : Resolved
10 July 2012
Hi,
Late payment of TDS, Interest rate is 18% or 12% Pls clarify
Rgds
Kamal
Late payment of TDS, Interest rate is 18% or 12% Pls clarify
Rgds
Kamal
CA PRAVEEN SINGH
(Expert)
10 July 2012
18% APPLICABLE CURRENT RATE.
CA Prashant Gupta
(Expert)
10 July 2012
12% if you didn't deduct TDS on which you was supposed to deduct TDS
18% if you didn't deposit TDS on due date
so in your case which is late deposit of TDS is 18% sec 201(1A)
18% if you didn't deposit TDS on due date
so in your case which is late deposit of TDS is 18% sec 201(1A)
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