26 July 2012
My client had to deposit interest in Jan 2010 but he deposited it in May 2010. Now we are paying the interest on late TDS. Should we pay the interest for those two months only or inerest for 2 months and interest on interest till date ?
26 July 2012
Please take a note.. there are 2 types of interest. One is as you rightly said i.e. late deduction of TDS. The second one, probably you are mistaking... i.e. late deposit of TDS.
CAclubindia
