Tds
This query is : Open
mohit pathak
(Querist)
14 January 2017
Hi all,
A company applied for TAN in the month of Dec 16 and started deducting TDS from said date, however, it received it's TAN on 14th Jan 2017.
Since the company could not deposit TDS on due date i.e. 7th Jan 2017 in absence of TAN No, Is it required to pay Intrest for said delay?
A company applied for TAN in the month of Dec 16 and started deducting TDS from said date, however, it received it's TAN on 14th Jan 2017.
Since the company could not deposit TDS on due date i.e. 7th Jan 2017 in absence of TAN No, Is it required to pay Intrest for said delay?
KAVIRAJA ADDANGADI
(Expert)
14 January 2017
Yes, If you book the entry on December month 2 months interest applicable.
Kaushik Joshi
(Expert)
15 January 2017
Dear Mohit,
You can always check online the status of your tan application. it usually pops up in a week. However since you've now deducted late, you'll be liable to pay interest of 1.5% for 2 months I.e. 3%.
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