interest on delay deposition of TDS
This query is : Resolved
26 November 2008
hi
I have deposited my TDS for the month of October on 10th of November 2008. but i haven't deposited the interest for the delay in deposition. so am i liable to pay interest on amount of interest that was defaulted?????
I have deposited my TDS for the month of October on 10th of November 2008. but i haven't deposited the interest for the delay in deposition. so am i liable to pay interest on amount of interest that was defaulted?????
26 November 2008
Yes u/s 201(1A) @ 1% for every month or part of a month's delay.
26 November 2008
Interest shall be applicable.
26 November 2008
You can pay interest after receiving demand from the dept.
26 November 2008
No, only simple interest is payable.
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