Tds

This query is : Resolved

SUNIL LAGHATE (Querist)
Follow

06 May 2016 interest payable u/s 201 for late deduction & deposition
in case of govt. deductors tds deducted & deposited on payment to contractor through treasury on dt 13/01/2016 as per treasury detail and bin view mentioning the same in on dated 31/01/2016.
whether interest liability will arise u/s 201 ? and why? who is resposible for liability deductor or treasury?

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
Follow

07 May 2016 Govt. dept are using cash basis system. As per your query you have to show payment & tds deduction on 14/01 and tds deposited on 31/01 as per your BIN.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
Follow

07 May 2016 No interest or Penalty need to pay. there is no one in treasury dept. who can take any liability.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

RAGHUNATH KASIBHOTLA

CA Sunny Sharma

Raviraj ponkshe

adarsh chaturvedi

DEEPAK BHARGAVA

Subscribe Now

Tds

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Manager- Finance and Compliance

Accountant

Article Assistant

CA Final

GST CONSULTANCY