Sir
eaelier our FM nirmala mam announce some significant relief due to corona virus.one of the thing is that shift interest and late fee on TDS late filing from 12 to 9 % .is it applicale on old dues?
For delayed payments of advanced tax, self-assessment tax, regular tax, TDS, TCS, equalization levy, STT, CTT made between 20th March 2020 and 30th June 2020, reduced interest rate at 9% instead of 12 %/18 % per annum ( i.e. 0.75% per month instead of 1/1.5 percent per month) will be charged for this period. No late fee/penalty shall be charged for delay relating to this period.
O P Bagla & Co LLP
New Delhi
CA Inter
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