Interest on TDS Delays: Calculate Based on 30-Day Period, Not Calendar Month, Per Section 201(1A) and Rule 119A(b).

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....Interest u/s 201(1A) - delay in deposit of TDS - month is a period of 30 days OR British Calendar Month - for purpose of computation of interest payable u/s 201(1A)(ii) r.w. Rule 119A(b), month is to be interpreted as period of 30 days and not British Calendar Month....