31 January 2013
my clinet has recovered TDS under 194c on 31.03.2012 (A.Y.2012-13) but the actual remittance could not made till date. but the tds remittance wiil be made in a couple of days. 1) my query is regarding disallownce of expenses for non remittance of tds, if he remits the tds now along with the penal interest what are the implecations and penalties
31 January 2013
Please comply by paying the interest on late payment and also by filing e-TDS return to avoid any disallowance and penalty. . Non depositing of TDS amount deducted is an offence punishable with rigorous imprisonment of 3 months to 7 years. . Other implications which are consequential like disallowance, penalty for delay etc.. etc are free with the above said Jumbo Package. .