Tds on salary
This query is : Resolved
sivabommakanti
(Querist)
29 June 2013
If a public ltd. company doesnt deduct TDS on salary for April, May, June and starts deducting TDS from July for the taxable amount/9 months what are the provisions that will apply??? Any interest is payable and on what amount???
CA.Vinita Gupta
(Expert)
29 June 2013
Interest is not payable, Sec 192B will apply
sivabommakanti
(Querist)
29 June 2013
What are the penalties as per section 192B for the above???
sivabommakanti
(Querist)
29 June 2013
What are the penalties as per section 192B for the above???
CMA Ramesh Krishnan
(Expert)
29 June 2013
Agree with expert
Delayed payment of Interest will apply u/d.201(1A)
Since you have deducted the TDS in balance month only interest will apply, no penalty
Delayed payment of Interest will apply u/d.201(1A)
Since you have deducted the TDS in balance month only interest will apply, no penalty
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