payment of interest

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please confirm whether interest is to be paid @ 18 percent on number of days of delay or it is to be paid for full month

Harsha Zade
Replies (3)

Interest calculate as Follows

 

Total Tax Liabilty (X) 18% (/) 365 days (X) No.of days = Interest...

if I paid tax on 20 September and filing monthly return today , should I pay interest or not?

No need....

Just pay the "LATE FEE"


CCI Pro

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