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INTEREST ON TDS FOR DELAYED PAYMENT, Income Tax |
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INTEREST ON TDS FOR DELAYED PAYMENT |
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A Pvt. Ltd. Co. (named XYZ) borrowed loan from another compnay. Interest is being paid on such loan on monthly basis.XYZ failed to deduct tds on interest for month of June, thus tds was not deposited for June.Now it is deducting tds on 31/07/14 for month of Juneand Julyand will deposit the same on 07/08/14.Please advise how much interest will be charged for latedeposit of tds of June month.
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Interest @ 1.5% per month or the fraction of the month is chargeable. Page: 1 Old Query - New Comments are closed. |
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