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Wealth Tax

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(Querist)
26 September 2009
Please advice me what is the rate of interest for late deposit of tax.
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Anjani Pratap Tiwari

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Anjani Pratap Tiwari (Expert)
26 September 2009 what tax it is TDS or Advance Tax, for both AT & TDS it is 1% for every month .Interest is payable on short payment or non payment.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
26 September 2009 If the wealth tax return is filed belatedly interest @ 1%,for every month or part of a month's delay,shall have to be paid on the amount of W.T payable.
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