Interest on Late TDS Payment: "Month" Defined as 30 Days Instead of British Calendar in Section 201(1A) Calculation.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Interest on late payment of TDS u/s 201(1A) - For the purpose of computation of interest, the expression month is to be interpreted as period of 30 days and not British calendar.....