int on tds deduction

interst for 2 mnths shall be calculated in both the cases 12 july or 18 july
if u did not pay such amt u will be deemed as asesse in default nd late short payment pr bhi interst charge hoga
plus govt aapse 50 sal bad bhi paisa recover kr skti h

in first scenario interest on TDS is for two months
In second scenario interest is for 3 months ( read section 201(1A))

interest on interest, i think there is no provision for this

but the Act give power to AO to recover interest within 7 year by giving order (section 201(2) and (3)

also read swction 276C(2)

however in case where tds deducted but not paid
then order may be given any tim ie no time limit

interst for 2 mnths will be calculated in both case...suppose if last date for payment is 31 jan but tds is deposited on 2 feb kya 2 mnths ka interst calculate kroge...???

my dear friend first of all you are required to interpret the law
then debate

sir pls describe first how did u calulate 3 mnths nd 2 mnth in this problm asked by mahammad sir
nd also pls tell kya 31 jan agr last date h deposit ka nd u deposit on 2 feb to kya kijiyega nd how
i will surely crrect my self if i m wrong
nd update my knowledge
nd my purpose is not to debate wth anyone
i m here just to learn

my dear friend
when you read section 201(1A)
it clearly state that when tds is not deducted or after deducting fails to pay tax within prescribed time

then interest will be calculated From the date on which such tax was deductible/deducted as the case may be
then he will be liable to pay int @ 1/1.5%
for the month or part of the month

so if you not pay tax within prescribed time limit then interest will be calculated from initial point and not from the due date
since law state month and not calender month you have to calculate this on monthly basis
i.e 1 month =13may to 12th june of next month

In both cases you had to pay Interest for 3 months and No Interest on Interest . However you have to pay Difference in Interest paid and have to pay.