Non payment of tds

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CHANDRASEKARAN (Querist)
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01 June 2016 Dear sir

I paid the tds amount relating to the period MARCH 2016.( DATE OF INVOICE IS 18-03-2016) as on 01.06.2016.I am aware that late payment interest is @1.5% per month.My question is that period of late payment is 4 months (march 2016, april 2016, may 2016 & june 2016) or not?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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01 June 2016 Yes it is 4 months late payment.

Amol S Joglekar

Amol S Joglekar (Expert)
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01 June 2016 4 months is considered as delay for the payment

Rupesh Jain

Rupesh Jain (Expert)
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01 June 2016 you have to pay 4 month intt. from the month in which you deducted the tax to deposit month.

CHANDRASEKARAN

CHANDRASEKARAN (Querist)
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01 June 2016 Dear sir

But i heard about the last date of payment of MARCH'2016 TDS is 30/04/2016.But this way, it shall be 3 months late payment to be calculated? (april, may and june 2016) kindly clarify

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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01 June 2016 That time limit is not applicable to late payers.

Amol S Joglekar

Amol S Joglekar (Expert)
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01 June 2016 the last date for payment is 30/04, however the default is to be reckoned from March itself. That is the beauty.

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