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penalty for late payment of tds

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(Querist)
08 December 2010 if tds payment made on the 8 th or 9 after due date, interest 1% should be paid for one month or no of days delayed.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
08 December 2010 Interest on late deposit of TDS:
Rate 1.5% p.m. or for part of month w.e.f 01.07.2010
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Praveen Sharma

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Praveen Sharma (Expert)
09 December 2010 agree with expert.
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venkatraman shrinivas

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venkatraman shrinivas (Expert)
09 December 2010 Even a day's delay is reckoned as delay of a month. The interest rate as conveyed by Mr.Sanjay is correct.

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