Mrinmoy Das (Practice) (48 Points)
15 April 2011Hello Frnds,
A company deposited TDS under Sec 192 after a year of due date,the company bears the TDS of the employee as a perquisite,what will be the intrest charged in this case with reference to the ammendment of 1.5% intrest rate from July 1st.The payment has been made full to the Employee through out. what will be the Intrest rate???????
susanta kumar jena
(CA Final/ICWA Final)
(50 Points)
Replied 19 April 2011
Nice question ,its a lot practical,i think 1 % till July 1st & then 1.5% till date,i am not sure but this is what i can say.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 19 April 2011
rate applicable on the date of payment of TDS.
CAclubindia
