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TDS - Delay payment interest

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(Querist)
24 October 2009 Delay payment of TDS remittence to Govt, what is the rate of interest
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CA A RAMVEL

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CA A RAMVEL (Expert)
24 October 2009 Hi Kesavan,

It is 1% per month or part of the month
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
24 October 2009 Pl see section 201(1A) of The Income tax Act,1961 for further details.
Visit www.incometaxindia.gov.in
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Sreedhar Atchutuni ACA,GradCWA

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Sreedhar Atchutuni ACA,GradCWA (Expert)
24 October 2009 Simple Interest is @1% per month or part of the month, from the date it becomes deductible till the date of payment.
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CA. Gurdeep Singh Chawla

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CA. Gurdeep Singh Chawla (Expert)
24 October 2009 Simple Interest is @1% per month or part of the month

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