In case of failure to deduct/collect tax at source, the defaulter shall be liable to pay –
A. Simple interest @ 12% p.a.
B. Simple interest @ 10% p.a.
C. Simple interest @ 1% p.m. or part thereof.
D. Simple interest @1.5 % p.m.
Answer:C
In case of failure to deduct/collect tax at source, the defaulter shall be liable to pay –
A. Simple interest @ 12% p.a. B. Simple interest @ 10% p.a. C. Simple interest @ 1% p.m. or part thereof. D. Simple interest @1.5 % p.m.