20 February 2009
Hi all of you, May i ask one question about interest on TDS. so my question is :- Suppos TDS Liabilities made for Parson but no PAN number so TDS Interest liabilities made from the date of applicability of TDS to Received the PAN number, so Interest on TDS libilities made or not.
20 February 2009
If tax is deducted and it is not remitted to Government with in the prescribed time interest will have to pay along with TDS amount. PAN obtained belated is not a reason to escape from interest provision.