https://www.taxtmi.com/article/detailed?id=10641 Section 201(1A) imposes separate simple interest for late deduction and late payment; dispute centers on whether "month" means a British calendar month as used by TRACES/CPC TDS or a 30 day month as applied in several ITAT decisions. The document cites tribunal authorities and illustrative tables to demonstrate that the month definition materially changes the computed interest liability for both late deduction and late payment periods. en-us Fri, 26 Aug 2022 10:42:59 +0530 Fri, 26 Aug 2022 10:42:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10641 Section 201(1A) imposes separate simple interest for late deduction and late payment; dispute centers on whether "month" means a British calendar month as used by TRACES/CPC TDS or a 30 day month as applied in several ITAT decisions. The document cites tribunal authorities and illustrative tables to demonstrate that the month definition materially changes the computed interest liability for both late deduction and late payment periods. Articles Income Tax Fri, 26 Aug 2022 10:42:59 +0530 https://www.taxtmi.com/article/detailed?id=10641