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what is the interest rate of TDS

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(Querist)
07 August 2008 What is the interesr rate of TDS. if Tax deposited is late
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
07 August 2008 1% per month or part of the month
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CA Abhishek Tyagi

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CA Abhishek Tyagi (Expert)
07 August 2008 It is 1% simple interest for the month of part of the month for the delay.
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