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Interest u/s 234b&c
If tax on return income before tds is rs 55445 & Tds is 55730 (which is deducted but is deposited late by the deductor) then whether the late deposit by deductor will attract interest of 234b/c in hands of deductee
Replies (3)
No, as the interest u/s 234 is calculated on amount of tax payable after tds.
What if tds is deposited after 31 march
Date of deposit of TDS has no impact on 234A/B/C interest computation.
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