TDS

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 February 2010 What happened if TDS is not deducted for 4four month and i have decided to pay whole TDS in fifth month .what is the interest rate for these month.

CA Prashant Gupta

CA Prashant Gupta (Expert)
Follow

05 February 2010 interest is 1% per month.
but if you didn't depsoit 4 months then have you filled etds return.
if not then Rs. 100/- per day for not filling etds return. max penalty is tds amount.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
Follow

05 February 2010 AGREE
you have to pay 1% monthly interest for non deposit of tds from dedution to deposit date (range of calculation)
and 100 perday for penalty for non filling of tds return from quarter ended next month 15 date max upto tds.

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

Jayesh Pipalwa

George Innocent

Mukund Thakur

arya yashu

Rajat Khandelwal

Subscribe Now

TDS

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Article Assistant

Manager- Finance and Compliance

Accountant

GST CONSULTANT

GST CONSULTANCY