I paid the tds amount relating to the period MARCH 2016.( DATE OF INVOICE IS 18-03-2016) as on 01.06.2016.I am aware that late payment interest is @1.5% per month.My question is that period of late payment is 4 months (march 2016, april 2016, may 2016 & june 2016) or not?
But i heard about the last date of payment of MARCH'2016 TDS is 30/04/2016.But this way, it shall be 3 months late payment to be calculated? (april, may and june 2016) kindly clarify
CAclubindia
