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TDS interest in different cases
(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 .
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