TDS

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friends,

 

since 30/9/2010 we have deducted tds while paying rent to our building owner, but since then we have not deposited thet deducted amount in to government a/c. we didnt file even  quarterly returns also> if we deposite that entire amount thent what is the interest rate for late deposite , is it 12% or 18%? and what is the interst charging period  is it from date  of deductuble  to date of deposite ? or  from date of due date to deposite ( 7 th of next following month) to date of deposite ? pls answere me friends ! thanks in advance!

Replies (3)

Refer sec 201 (1A).

Int will be paid at 1.5% for the delay till u pay it actually.

AS PER THE AMENDEMNT INT WILL BE 1.5%

Originally posted by : valji

AS PER THE AMENDEMNT INT WILL BE 1.5%


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