Tds not deducted

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HARISH BANSAL (Querist)
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22 May 2013 Dear Expert,

My Client paid Rent Up to 01-02-2013 is Rs.176000, then on 1st March, 2013 he also paid Additional Rent of Rs.22000. It Means Total Amt of Rent exceeds the TDS limit i.e. RS.180000. And My Client is Already filed the TDS Return. Now he wants to know that What Amount of Plenty/Interest,he has to be paid?
Please Quick Reply.

Thanks,
Harish Bansal

Suresh Mittal

Suresh Mittal (Expert)
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23 May 2013 1.If he has already filled the return, he will have to pay interest @1.5%PM or part thereof from the date of deduction till the date of payment(@1% from the date when deduction was due till the date of actual deduction)and then revise the return.
2. If return is yet not filed, he will have to pay fine @200/- per day for the period during which the default of filing the return continues(subject to maximum of Tax amount).

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HARISH BANSAL

HARISH BANSAL (Querist)
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24 May 2013 @Suresh,
Thanks for your reply,i am Satisfied with your Answer.

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