Tds on property

This query is : Resolved

Rateesh (Querist)
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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

Rupesh Jain

Rupesh Jain (Expert)
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24 June 2016 now you have to pay the intt., penalty prov. applicable when you not making payment after notice send by the deptt.

Rateesh

Rateesh (Querist)
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24 June 2016 Thanks Rupesh

Thanks & Regards
Rateesh

Rupesh Jain

Rupesh Jain (Expert)
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24 June 2016 pls send likes..................

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