late tds payment


This query is : Resolved 

(Querist)
15 March 2010 my cheque bounce of Rs.80000=00 for tds on 7th march last date was 7 th march, I redeposit at 9th march, how much interest
& panlty raise for that?

15 March 2010 1 % PER MONTH FROM THE DATE OF DEDUCTION TO THE DATE OF PAYMENT.

15 March 2010 AGREE. ONLY 1% INTEREST TO BE PAID NO PENALTY.

G.Ramesh (Expert)
15 March 2010 Agreed....Is Any charges for cheque bounce in this case ?

18 March 2010 yes it is one percent per month. Since the cheque is bounced it will be considered as non payment only


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