29 January 2013
Here in this case, the assessee need to deposite the entire TDS with interest of 1.5% per month. we need to consider the month like suppose due date of deposite is 7the feb, then one month should be 7th of March. if the TDS is deposited on 8th of March then he need to deposite the interest of TWO months.
Total no. of months of default will be: 1) one month; 2) one month; 3) two months; 4) three months; 5) three months.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
29 January 2013
Thanks Sir for your quick reply.
Please clarify me the delayed is from date of deduction or from due date of deposit.
CAclubindia
