ramesh agrawal (business) (179 Points)
02 August 2015My tenant, ABC LTD, deducted TDS @ 10% on a rent of Rs.20,000/- paid monthly from April 2014, But they have deposited TDS with govt. in July 15th, 2015 of the whole year 2014-15, which is very late. I want to know who is responsible for interest payment now in this case and how much?
Udgam Koomar
(Tax Technologist)
(1949 Points)
Replied 02 August 2015
Since they deducted it in time, depositing it was their responsibility and they have to bear it.
Kumar Purohit
(Articled Assistant)
(653 Points)
Replied 04 January 2016
Person responsible for deducting tax is responsible for the depositing the same.
if that person does'nt deposit it in time than interest payment liability is on person deducted and responsible to deposit.
hence your tenant is under fault
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