Dear Sir
We have deduct TDS on rent Rs.2200/- in January month.but due to some problem we are not deposit the same. so please suggest we will deposit the same via challen no. 281 by 30 April how much interest i have to pay and which assessment year I have to select.
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Interest on TDS & Assessment year
Replies (5)
Under Section 201(1A), in case off late deposit of TDS after deduction, you have to pay interest. Interest is calculated at the rate of 1.5% per month from the date on which TDS was deducted to the actual date of deposit.
Sir
assessment year
assessment year
FY 2020-21
Interest would be Rs. 130. Approx
AY year 2020-21 or 2021-22
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