Indirect tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 August 2011
what is the consequences of not paying of interest on late payment of TDS?
07 August 2011
department will raise the demand notice for the same
07 August 2011
Immediately it does not matter and in long run also you might not be required to pay the interest but the department is developing software just like Banks that on delay immediately interest is to be paid and you will receive the notice of demand. This has been applied for calculation of interest under various section while completing the assessment. For TDS also it is being in the process of getting implemented very soon.
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