TDS

This query is : Resolved 

20 January 2011 I just want to know if we have made late payment of TDS without calculating the Interest upon the late payment at the prescribed rates then what are the consequences for the same??
(i.e Failure of payment of interest on late payment of TDS)
Kindly reply


With Regards
Jwalit D.Sheth

20 January 2011 You have to pay the interest on late payment otherwise the auditor will qualify the audit report.

20 January 2011 you have to pay the interest on the differential amt


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