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Rate of Interest & Method of Calculation on TDS Late Deposit

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(Querist)
20 February 2009 Please let me know the Rate of Interest on TDS late deposition and how is it calculate.
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CA R N Mohil

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CA R N Mohil (Expert)
20 February 2009 Rate of Interest on late payment of Tds is 1% for every month or part of the month.

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