INTERST RATE FOR NON-PAYMENT OF TCS ON SCRAP SALE U/S 206

This query is : Resolved 

16 December 2009 SIR,


INTERST RATE IS 1% OR 2% FOR NON-PAYMENT OF TCS AND TDS IN GOVT DEPTT.

PLZ REPLY..................../

16 December 2009 Rate of interest is 1% for every month or part of the month on amount of tax from the date on which tax was deductible to date of actual payment. Refer sec.201(1A)

19 December 2009 Agreed




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