TaxTMI 
TaxTMI 
Interest for late payment
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....nterest for late payment<br> Query (Issue) Started By: - Som Pal Dated:- 23-8-2017 Last Reply Date:- 24-7-2018 Income Tax<br>Got 1 Reply<br>Income Tax<br>The salary for our Institute for the month of ....
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....March and April was paid in the month of May 17. The Income tax collected from the salary was deposited on 5th June. The income tax Department imposed interest for late payment under section 200A. In....
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.... the IInd case incometax is deducted short but the payment was deposited in time. The income tax Department imposed interest for late submission and demanded the amount which was less deducted under s....
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....ection 201A and 206. Kindly inform what is section 200A and 206 and are they applicable in the above cases. Please also intimate how the interest is calculated. Reply By DR.MARIAPPAN GOVINDARAJAN: T....
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....he Reply: In my view they are applicable in the above cases.<br> Discussion Forum - Knowledge Sharing ....