Tds
This query is : Resolved
10 June 2015
There is unsecured of Rs. 7500000 on which interest at the rate 12 is booked in the month of march 2015. but no tds have deposited till 10.06.2015 also as consequence no tds return filled on 15.05.2015. My question is if I pay tds with interest and fill the return. Can we require to pay penalty. if yes then how much
Rupesh Jain
(Expert)
10 June 2015
you have to pay intt on delay deposit of tds @ 1.5 per month for march to june
and if you not deposit the tds return then you have to pay rs. 200/- per day penalty for tds return .
it may prosecution in future.
and if you not deposit the tds return then you have to pay rs. 200/- per day penalty for tds return .
it may prosecution in future.
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