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Tds late payment

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(Querist)
03 June 2014 Dear All

can any one help me out, if we paid tds late permon 1.5% interest will be charges. but one of my friend tell me that per day rs.200/- will charges.

what is the difference between both of them.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
03 June 2014 1.5% per month interest is charged for late deposit of taxes.

Rs 200 per day fees is applicable for late submission of TDS returns.
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
04 June 2014 1.5 % per month interest on late payment & 200 per day as penalty on late e return




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