Tds late payment
This query is : Resolved
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.
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.
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.
Rs 200 per day fees is applicable for late submission of TDS returns.
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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