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Interest on tds
Dear Sir/Madam.
I was checking justification report for TDS default, in that I found "Late Payment Interest from Date of Deposit of Tax till Date of Processing". What is its meaning and under which section it is charged.
Replies (1)
if you have not remitted TDS on time say 7 th of next month 1.5% interest is charged for a month u/s201(1A)
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