30 December 2013
Dear Sit, I want to ask how interest on late payment of tds is calculated by department ? e.g. If date of Deduction is 30.04.2012 (Due date : 07.05.2012) and Actual Payment of TDS done on 12.06.2012 Is it 2 months delay or 3 months ? i.e. interest on late payment of TDS @ 1.5 % is for 2 months in this case or for 3 months ? I am asking this because received notice for default for 3 months delay for above example for one assessee. Please help......
CAclubindia
