Hi Friends,
I have deducted TDS of my client as on date 30/09/2012.and remitted to bank as on 22/10/2012 insted of with in 07/10/2012.
now i am ready to pay that interest.is there any additional interest has to be paid.at what rate? and from which date?
Hi Nagendra. Interest on late payment will be charged @ 1.5% p.m or part or month ....so in your case even the payment is delayed by 15 days but interest will be charged for fyull month i.e @ 1.5%(p.m).
completely agree with the above comment
if i will pay interest in january 2013.what will happen ? please considred Q3 also get over.
In January you can also pay but then you need to pay 1.5% interst extra.......no other issue
Thanks friends.
CAclubindia
