TDS Interest Rate
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 May 2010
What is the rate of interest on late deposit of TDS, The case in question is when TDS was deposited just 2 days late after March 7 but interest has not been deposited till May 1. So will interest be calculated for 1 month or 2 months
CMA Ramesh Krishnan
(Expert)
02 May 2010
interest will be the 1% per month or part of the month so tds due date 7th if you paid late up to 6th of the next month is one month is 1% if paid after 6th of the next month is 2 month is 2% .so in your case is 1% only
ca dipti sharma
(Expert)
02 May 2010
In your case, you have to calculate interst only for one month.
02 May 2010
AGREE WITH EXPERT VIEWS
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