Period for which Intrest to be calculated U/s 201

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..... Period for which Intrest to be calculated U/s 201
Query (Issue) Started By: - Venkateswararao Sunkara Dated:- 1-7-2010 Last Reply Date:- 7-7-2010 Income Tax
Got 3 Replies
Income Tax
Sir, .....

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..... Please tell us intrest period in the following example: Financial year 2008-09 Date of deduction of tax 31.03.2009 due date for deposit of tax for entries passed on 31.03.2009 - 31.05.2009 TDS deposi .....

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..... ted in the month of Sep-09 Should we calculate TDS from April-2009 or June -2009? Thanking you Reply By GOPALJI AGRAWAL: The Reply: It would be calculated for delayed period only. Reply By Venkate .....

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..... swararao Sunkara: The Reply: With reference to your reply please give us any reference section or case law or any circular or notification with your comments. Since most of us taken stand for calculat .....

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..... ion from the date of April month it self ( as per the example) Reply By Rama Krishana: The Reply: The provisions of section 201 are plain and clear, in case of delayed deposit of tds deducted earlier, .....

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..... interest is payable from the date of deduction.
Discussion Forum - Knowledge Sharing .....

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