Tds

This query is : Resolved

surendra shukla (Querist)
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17 February 2013
RESPECTED SIR

I AM ADVERTISING AGENCY I HAVE MAKE PAYMENT TO CHANNEL AS INCOME TAX CIRCULAR ADVERTISING AGENCY NOT LIABLE FOR DEDUCTION OF TDS

BUT I HAVE DEDUCTED TDS AND PAID

QUERY IS AS FOLLOWS

1- ANY PENALTY APPLICABLE
2- INTEREST APPLICABLE FOR DELAY PAYMENT

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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17 February 2013 Interest will have to be paid for delay in in payment of TDS. Show cause can be issued and penalty may be levied for delay in payment.

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