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Interest on tds

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13 February 2014 A LTD HAS NOT PAID TDS OF Rs. 10,000/- RELATING TO FINANCIAL YEAR 1999-2000 TILL DATE. INTEREST ON DELAYED TDS COMES TO Rs. 16,803/-.(INTEREST RATE 1% P.M. & FROM 01.07.2010 1.5% P.M. CONSIDERED)
KINDLY CLARIFY WHETHER INTEREST ON DELAYED TDS CAN EXCEED AMOUNT OF TDS??????????
REPLY

13 February 2014 no. there is no such provision under section 201.



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