Hello Experts,
TDS was deducted on 30.04.2013 but deposited with Govt. on 02.07.2013
As per 201(1A) simple interest @ 1.5% is calculated FROM the date on which such tax was deducted to the date on which such tax is actually paid.
Now the question is whether it is calculated only for May, June & July or also on April by considering FROM date 30.04.2013??
CAclubindia
