banner_ad

LATE DEDUCTION of TDS

This query is : Resolved 
Profile Image

Profile Image

(Querist)
21 October 2008 What is the effect if TDS has deducted lately?
Is there any penalty or dissallowance.
What is effect if subsequent deduction of TDS as required.

Thank you
Profile Image

Guest

Profile Image

Guest (Expert)
21 October 2008 if you have not deducte the TDS required to deduct then there is simple penalty of 1% per month on amount not deducte or disposite late. but the TDS must be deducted and deposite as early as possible. so if you have deducted the TDS lately then pay simple 1% int. on amount not dedcted from credit date to deposite date.
Profile Image

A J Sankar

Profile Image

A J Sankar (Querist)
22 October 2008 Thnks for your reply isr
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details