Interest Charged on Late Tax Payments from Due Date to Payment Date, Even with Available Credit in Accounts.

Interest Charged on Late Tax Payments from Due Date to Payment Date, Even with Available Credit in Accounts. https://www.taxtmi.com/highlights?id=33599 Interest liability - merely because the credit is available in the books of account does not mean that the tax has been paid. Therefore, the liability to pay interest has to be computed from the due date of payment of tax to the actual date of payment - AT en-us Mon, 06 Mar 2017 13:40:18 +0530 Mon, 06 Mar 2017 13:40:18 +0530 TaxTMI RSS Generator Interest Charged on Late Tax Payments from Due Date to Payment Date, Even with Available Credit in Accounts. https://www.taxtmi.com/highlights?id=33599 Interest liability - merely because the credit is available in the books of account does not mean that the tax has been paid. Therefore, the liability to pay interest has to be computed from the due date of payment of tax to the actual date of payment - AT Highlights Service Tax Mon, 06 Mar 2017 13:40:18 +0530 https://www.taxtmi.com/highlights?id=33599