TDS interest in different cases

139 views 1 replies
(1)IF THE ACTUAL DATE OF DEDUCTION OF TDS ON PROFESSIONAL CHARGES IS,01.03.2019,BUT I DEDUCTED ON 31.03.2019,HOW MANY MONTHS INTEREST SHOULD I PAY.(2)WHAT IF ACTUAL DATE OF DEDUCTION IS 30.04.2019,BUT I DEDUCTED ON 31.05.2019,(3) I DEDUCTED TDS ON 28.02.2019,BUT I DEPOSITED ONLY ON 22.06.2019,WHAT IS THE % OF INTEREST PLEASE ANSWER FOR ABOVE THREE
Replies (1)

As per section 201 of the income tax act 1961 

1) 1%  Interest  form date on which tax is  deductible  to the date on which such tax deducted . 

2)  1 1/2 %  date on which  such tax deducted    to  the date such  tax is actually paid  to Govt . 

please confirm  with others also . 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register