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Int on tds late deposit

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 August 2011 sir my question is that, is there any exemption limit of tds amount on which interest is to be caloculated or not?

in income tax there is a limit of rs 5000. above this amount we have to calculate interest. same as is there any limit is allowed for late deposit of tds.


thanks in advance..
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
26 August 2011 No there is no such limit in case of TDS. Any amount of TDS deposited late, will have to calculate interest on late deposit @ 1.5% per month or part thereof.
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CA Navin Jain

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CA Navin Jain (Expert)
26 August 2011 There is no exemption limit about interest on late deposit of tds



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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
26 August 2011 No such limit to calculate interest on belated payment of TDS.
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CA Himanshu Sharma

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CA Himanshu Sharma (Expert)
27 February 2012 agree with all the experts

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