Tds

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Varinder SIngh (Querist)
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03 May 2016 If any firm deposit tds after due date then what is rate of interest on late deposit. Any other penalty is applicable for it ?

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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03 May 2016 Interest on late deposition of TDS is levied at the rate of 1.5% pa for every month or part of month from the date of TDS till the date of deposition.

Rupesh Jain

Rupesh Jain (Expert)
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03 May 2016 its charges frpm the month in which you tds deducted to month of deposit

like if you deduct the tds in march and deposit in may then you have to pay intt @ 1.5% per month
total 4.5% on tds amount .

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