what is the rate of interest if TDS payment is delayed?? and is that % for the complete month irrespective of the days or should it be calculated for only those number of days!
praveen reddy (practicing Chartered Accountant) (55 Points)
24 June 2008what is the rate of interest if TDS payment is delayed?? and is that % for the complete month irrespective of the days or should it be calculated for only those number of days!
prasadarao
(chartered Accountant)
(47 Points)
Replied 25 June 2008
hai
if TDS is delayed interest will be charged 12% per annum or 1% per month irresspective of no of dayes
CAclubindia
