06 January 2014
Dear CA Kedar, Thank you for your reply. However, I understand 1.5% is payable when TDS has been deducted but not deposited. In my case, I have not deducted the same and now depositing the same from my own and I will get this amount of TDS adjusted in next installment. Hence, please confirm whether interest @1% pm upto today is applicable or 1% upto 05.01.2014 i.e. yesterday and 1.5% for 06.01.2014 OR your reply i.e @1.5%. Secondly, as per my calculations, considering the date of payment instead of month, the period of delay works out to 4 months, 4 month and 2 months respectively. Please confirm.
CAclubindia
