Tds not deposited by deductee

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This query is : Resolved

Ashwin (Querist)
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02 March 2014 Thank nikhil but party is not willing to deposit tds so can I directly pay tax if yes than what is interest & penalty

Nikhil Kaushik

Nikhil Kaushik (Expert)
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02 March 2014 well, if the deductor is not willing to deposit the TDS, then 1, ask the deductor first release the TDS amount to you. And then pay this amount as self assessment tax on your own. In this case, there wont be any interest or penalty against your name but the deductor shall have to suffer from TDS notices!

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