Late payment of TDS amount
This query is : Resolved
G.Jyothirmayi
(Querist)
01 September 2008
Sir,
Can TDS deducted on professional services in the Previous Year be paid now. If yes, please give the procedure and interest to be paid.
Regards,
Jyothi
Can TDS deducted on professional services in the Previous Year be paid now. If yes, please give the procedure and interest to be paid.
Regards,
Jyothi
05 September 2008
Yes it can be paid now along with interest at the rate of 1% for every month or part of a month on the amount of tax.
CA. O.P. Agarwalla
(Expert)
20 April 2010
Yes. However please take care of section 40(a)(ia)
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