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Interest in tds

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(Querist)
27 August 2013 Dear Sir,

I want to know that if there is any interest on interest provision in TDs?
If yes or no then clarify me with legal provisions.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
27 August 2013 There is no interest on interest under income tax
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
28 August 2013 There is no concept of int on int under income tax act.there is additional penal provision for tds.
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Preetam Singh Shekhawat

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Preetam Singh Shekhawat (Querist)
28 August 2013 Thnks sir for resolving my query.

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