INTEREST ON TDS FOR DELAYED PAYMENT

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....NTEREST ON TDS FOR DELAYED PAYMENT<br> Query (Issue) Started By: - S.C. WADHWA Dated:- 31-7-2014 Last Reply Date:- 2-8-2014 Income Tax<br>Got 1 Reply<br>Income Tax<br>A Pvt. Ltd. Co. (named XYZ) borro....

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....wed 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 ....

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....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. Reply By CA GOPALJI AGRAWAL: The Reply:....

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.... Interest &#64; 1.5&#37; per month or the fraction of the month is chargeable.<br> Discussion Forum - Knowledge Sharing ....