Tds on property
This query is : Resolved
24 June 2016
Dear All,
One of my friends failed to deduct TDS for making installment payment to the builder. The payment given to the builder is on 27.04.2015 & 06.07.2015. Now he want to be pay Interest i.e. 1.5% p.m. for the late of payment of TDS.
My query is - Is it any penalty for no deduct the TDS or he his only pay the interest for late payment.
Please reply ASAP
Thanks & Regards
Rateesh
One of my friends failed to deduct TDS for making installment payment to the builder. The payment given to the builder is on 27.04.2015 & 06.07.2015. Now he want to be pay Interest i.e. 1.5% p.m. for the late of payment of TDS.
My query is - Is it any penalty for no deduct the TDS or he his only pay the interest for late payment.
Please reply ASAP
Thanks & Regards
Rateesh
24 June 2016
now you have to pay the intt., penalty prov. applicable when you not making payment after notice send by the deptt.
24 June 2016
pls send likes..................
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- UDIN ISSUE
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
