what are interest rates for late payment of TDS

Page no : 4

Pankaj Arora (Job) (150 Points)
Replied 16 June 2011

Dear Santu

If u had booked expenses in March'11 and deduted TDS in April then rate of interest charged is 1% p.m. from the date it was deductible to the date it is deducted. There will be no interest on deposit as u hav deducted in april and deposited before 7th may. But expenses that u had booked in march'11 will not be allowed in F.Y. 2010-11.



UDAYKANT PATHAK (SELF EMPLOYED) (29 Points)
Replied 03 May 2012

1 % p.m upto 31.03.2012


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