One of my client was deduct TDS on Salary on 30th April, 2012 and pays the same to the government on 8th may,2012. The justification report says the period of late payment of tds is 2months. its just 8 days delay. How it can be 2 months.... I dont get it...anybody give me a clarification
2 Replies
CA Kumar Ajay
(Following My Dreams)
(228 Points)
Replied 14 February 2014
For The Purpose Of Interest Calculation U/s 201(1A) Every Part Of The Month Is Considered As Full Full Month
So In Your Case
30.04.12 To 30.04.12 Is 1 Month
01.05.12 To 08.05.12 Is 1 Month
So 2 Months Interest
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