Tds return and interest on tds

This query is : Resolved

Report Abuse Follow Query Ask a Query

Gopal P. Galani

Gopal P. Galani (Querist)
Follow

02 February 2015 Interest on late deposit of TDS. i. e. 1% or 1.5%

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

02 February 2015 Incase TDS deducted from deductee and not paid on time to government then interest rate is 1.50% per month or part of the month

Incase TDS not deducted at all and deducted late and paid on time from the deduction date then interest rate is 1% per month ot part of the month

Gopal P. Galani

Gopal P. Galani (Querist)
Follow

02 February 2015 Thanks for reply CMA Ramesh sir

Upgrade to CAclubindia Pro. Subscribe Now!