TaxTMI 
TaxTMI 
TaxTMI 
TDS Interest % for March-20
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....DS Interest % for March-20<br> Query (Issue) Started By: - kiran kumar Dated:- 18-5-2020 Last Reply Date:- 21-5-2020 Income Tax<br>Got 3 Replies<br>Income Tax<br>Dear Sir, TDS for March-20 was paid o....
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....n 02.05.2020. As per new rule Interest rate on tds is 0.75% per month. For March-20 we paid in 02.05.2020 now we need to pay 3 months interest 2.25% (Each month 0.75%). If the above calculation is co....
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....rrect or not Requesting you to advise Thanks & Regards, Kiran Kumar Reply By Ganeshan Kalyani: The Reply: Sir, the current rate of TDS has been reduced by 25% from 14.05.2020 to 31.03.2021. Rep....
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....ly By CASusheel Gupta: The Reply: As per section 201 Interest is leviable at 1.5% (reduced rate 0.75%) for every month or part of a month on the amount of such tax from the date on which such tax wa....
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....s deducted to the date on which such tax was actually remitted to the credit of the Government. You have rightly stated that interest for three months is payable. CA Susheel Gupta 9811004443, 85100....
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....81001 Reply By kiran kumar: The Reply: Thanks for your clarification<br> Discussion Forum - Knowledge Sharing ....