Non deducted tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 January 2015 Dear all
I have given construction contract RS. 1000000.an after complete the contract. i have made full payment.but mistakenly i have not deducted tds on that amount. i wound have to pay any interest or penalty now..

@VaibhavJ

@VaibhavJ (Expert)
Follow

30 January 2015 Hi

Yes, You need to pay TDS with Int. there on ASAP. Penalty to be paid on receipt of demand notice from AO.

You may recover TDS amt. from debtors post payment of TDS & issue form 16A.

Thanks!!
@VaibhavJ

Querist : Anonymous

Querist : Anonymous (Querist)

31 January 2015 Respected sir
i have ask to my debtors. for tds amount
but he has refused.
i have made full payment. but not deducted tds.

what should i do now.