Interest on tds delay payment


This query is : Resolved 

17 February 2013 sir,
we has deducted tds on advertising business which is not applicable for us
now we deducted tds and payment also made but delay.
then my question is whether interest is applicable or not ?



17 February 2013 Interest will be deducted since you deducted TDS and deposited it late. After deduction its deductors liability to deposit the amount within due date.


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