Tds late payment
naveen (Accountant) (6 Points)
29 July 2016
I have deposited tds 1 day late due to holiday . i got notice from traces for late payment. what is the remidy (Solution) for it
sundeep
(Tax Professional)
(23 Points)
Replied 29 July 2016
Hi Naveen,
In the said case you are liable to pay the interest on the TDS liability for 1 day. The interest rate will be 1.5% p.m.
naveen
(Accountant)
(6 Points)
Replied 30 July 2016
Due Date is Holiday. I Paid Tds amount next Day.If Due date is Holiday Should i pay Interest on Tds ?
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