Re TDS
This query is : Open
21 April 2009
We have deducted TDS as per law, but havent filed the last 2 Quarter returns.
are we liable for any penalty / late fees?
thanks in advance.
Samir Mehta
are we liable for any penalty / late fees?
thanks in advance.
Samir Mehta
21 April 2009
yes.
you should calculate the int. also and deposited upto 7-04-2008 otherwise the expenses on which u deduct the tds not allowable in your ITR .
Int. rate is 1% pm. and u have to file its TDS return otherwise Rs. 200 per day penalty is liable on it (maximum penalty is TDS payable)
you should calculate the int. also and deposited upto 7-04-2008 otherwise the expenses on which u deduct the tds not allowable in your ITR .
Int. rate is 1% pm. and u have to file its TDS return otherwise Rs. 200 per day penalty is liable on it (maximum penalty is TDS payable)
21 April 2009
yes.
you should calculate the int. also and deposited upto 7-04-2008 otherwise the expenses on which u deduct the tds not allowable in your ITR .
Int. rate is 1% pm. and u have to file its TDS return otherwise Rs. 200 per day penalty is liable on it (maximum penalty is TDS payable)
you should calculate the int. also and deposited upto 7-04-2008 otherwise the expenses on which u deduct the tds not allowable in your ITR .
Int. rate is 1% pm. and u have to file its TDS return otherwise Rs. 200 per day penalty is liable on it (maximum penalty is TDS payable)
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