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Tds

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(Querist)
28 April 2012 Is there any other penalty for late deposit of TDS for long period after due date except interest @1% or 1.5% as the case may be.

Also is there any penalty for late filling of TDS Return for long period after due date.

Regds
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
29 April 2012 Yes. Late filing of TDS return will attract Rs.100 per day up to the default continues, subject to TDS amount involved in that return

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