Interest on late payment of interest on tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 August 2011 Dear Exparts Please let me know that What is the rate of Interest on "Interest on late deposit of TDS"?
Thanks in Advance

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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21 August 2011 Rate of Interest on late deposit is 1.5% per month or part there off.

Rate of Interest on late deduction is is 1% per month or part there off.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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21 August 2011 To know in details about how to calculate period of default and interest, see below link. The same is discussed at length.

https://www.caclubindia.com/experts/tds-577865.asp

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