IN the case of late payment o TDS. If TDS not paid with in due date then interest has to be paid 1% PM or part there of from the date of deduction of TDS or Credit. That means if we have deducted TDS on 15th January and we have paid on 8th Feb, then we need to pay interest for 2 month? is it correct.
Menu
Interest on TDS
Replies (2)
Yes Interest has to be paid for a period of two months
Yea...Mr Batul is correct. As per Sec 201 of IT Act...the interest has to be paid for 2 months.
Recent Topics :
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
Related Topics :
CAclubindia
