Nagendra (Articleship) (38 Points)
28 December 2012Hi Friends,
I have deducted TDS of my client as on date 30/09/2012.and remitted to bank as on 22/10/2012 insted of with in 07/10/2012.
now i am ready to pay that interest.is there any additional interest has to be paid.at what rate? and from which date?
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 28 December 2012
Hi Nagendra. Interest on late payment will be charged @ 1.5% p.m or part or month ....so in your case even the payment is delayed by 15 days but interest will be charged for fyull month i.e @ 1.5%(p.m).
kavitha
(studying final)
(830 Points)
Replied 28 December 2012
completely agree with the above comment
Nagendra
(Articleship)
(38 Points)
Replied 28 December 2012
if i will pay interest in january 2013.what will happen ? please considred Q3 also get over.
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 28 December 2012
In January you can also pay but then you need to pay 1.5% interst extra.......no other issue
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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