TDS

This query is : Resolved 

10 February 2011 WHAT IS THE CONSEQUENCES OF DEFAULT IN PAMENT OF TDS ON TIME? BY WHAT RATE INTEREST SHALL BE LEVIED AND HOW? PLZ CLEAR ME.

10 February 2011 Interest on late payment of TDS 1.5% p.m. or part there off.

For details of interest and penalty see below link-----


https://www.caclubindia.com/articles/all-you-want-to-know-about-tds-7882.asp

10 February 2011 https://www.caclubindia.com/experts/tds-577865.asp


Also see above link for details of calculation of interest


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