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Interst on late payment of tds

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(Querist)
28 July 2011 Dear Friends,

If I deducted the TDS in the Month of March 11 and will deposit the same in 1st August 2011 then how many months I have to be considered as Late payment and what is the Interest Rate.

Thanks in Advance
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CA Navin Jain

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CA Navin Jain (Expert)
28 July 2011 interest to be calculated for 6 months @ 1.5% per month

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