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TMI BlogTDS Interest % for March-20X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, TDS for March-20 was paid on 02.05.2020. As per new rule Interest rate on tds is 0.75% per month. For March-20 we paid in 02.05.2020 now we need to pay 3 months interest 2.25% (Each month 0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .75%). If the above calculation is correct or not Requesting you to advise Thanks Regards, Kiran Kumar - Reply By Ganeshan Kalyani - The Reply = Sir, the current rate of TDS has been reduced b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y 25% from 14.05.2020 to 31.03.2021. - Reply By CASusheel Gupta - The Reply = As per section 201 Interest is leviable at 1.5% (reduced rate 0.75%) for every month or part of a month on the amo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unt of such tax from the date on which such tax was deducted to the date on which such tax was actually remitted to the credit of the Government. You have rightly stated that interest for three mon ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ths is payable. CA Susheel Gupta 9811004443, 8510081001 - Reply By kiran kumar - The Reply = Thanks for your clarification - TDS Interest % for March-20 - Query Started By: - kiran kumar Da ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted:- 18-5-2020 Income Tax - Got 3 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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