Int on tds payment delayed by 1 day

agree with Mr. Harkesh Kumar..

Mr.Kanwal i need to draw your attention to the wordings in Sec 201(1A). It says that interest needs to calculated for a month or part of month. If we see Rule 119A of IT Rules, it clearly explains the meaning of month or part of the month. Rule 119A also speaks as to when to calculate on a calendar basis if and only if month or part of month is not used.