NIKUNJ SHAH (article) (75 Points)
09 July 2014
DINU SUKUMAR
(Audit Manager)
(176 Points)
Replied 09 July 2014
Interest on late payment of deducted tds is 1.5% p.m.
CA Pooja Sharma
(Chartered Accountant)
(192 Points)
Replied 09 July 2014
For delay in deposit of TDS , Interest wiil be charged from date of deduction till actual date of payment at the rate of interest of 1.5% p.m .Any fraction of a month shall be considered as full month.
In the given case interest shall be calculated for 4 months
(i.e. 30-04-14 to 05-07-14).
CAclubindia
