Wealth Tax

This query is : Resolved 

26 September 2009
Please advice me what is the rate of interest for late deposit of tax.


26 September 2009 what tax it is TDS or Advance Tax, for both AT & TDS it is 1% for every month .Interest is payable on short payment or non payment.

26 September 2009 If the wealth tax return is filed belatedly interest @ 1%,for every month or part of a month's delay,shall have to be paid on the amount of W.T payable.


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