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interest u/s 201(1A)

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(Querist)
23 September 2008 THEN WHAT IS INTEREST, ACT IS CHARGING U/S 201(1A) FOR LATE DEPOSTING OF T.D.S.?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
23 September 2008 Interest is 1% for every month or part of a month for failure to deduct the whole or any part of the tax,or delay in remitting, tax deducted at source by the person responsible for deducting tax.Section 201 (1A) says so.
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CHEZHIYAN

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CHEZHIYAN (Expert)
23 September 2008 1% as Mr.Chakrapani Said
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