06 June 2011
w.e.f. 1-7-2010 interest under section 201(1A) shall be charged as under — (i) at one per cent. for every month or part of a month on the amount of such tax from the date on which such tax was deductible to the date on which such tax is deducted; and (ii) at one and one-half per cent. for every month or part of a month on the amount of such tax from the date on which such tax was deducted to the date on which such tax is actually paid, and such interest shall be paid before furnishing the statement in accordance with the provisions of sub-section (3) of section 200. THERE IS NO RATE OF 13 OR 18
CAclubindia
