08 February 2016
sir we have deducted TDS in the month of Jan 16 Rs/- 27834 but we have not deposited on due dates i.e on 7 Feb . we pay TDS online every time. Will interest charged on TDS ? and for how many month
08 February 2016
Interest u/s 201 for late payment of TDS is payable from the date on which tax was deducted to the date on which it is deposited. So you have to calculate interest for each entry from the date on which it was deducted to the date on which it was deposited.
CAclubindia
