Determination of period for sec 201 (1a)

CA SUKSHAM ARORA
(CA)
(569 Points)
Replied 06 November 2014
7 months ......
you can refer https://www.simpletaxindia.net/2013/08/3-percent-interest-on-late-deposit-of.H T M L
Ishan kewlani
(Article)
(172 Points)
Replied 06 November 2014
Interest for 6 months from the date of deduction to date of deposit. Period 31.3. to 12.9. Month to be calculated as 31.3.14 to 30.4.14 as 1 month.
CA Kumar Ajay
(Following My Dreams)
(228 Points)
Replied 06 November 2014
7 Months....... @ 1.5% p.m.
Every month or part of month taken as one. And as per dept. months here mean calender months.
So is 7 months
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