TDS on Salary
This query is : Resolved
23 May 2008
Dear Friends
TDS on salary for the month was not paid in due date what was the penalty
pls reply urgently
TDS on salary for the month was not paid in due date what was the penalty
pls reply urgently
23 May 2008
don't worry abt penalty. u deposit it now with simple interest @ 12% p.a.
24 May 2008
Hi Raju,
Non-despoit of TDS does not attract penalty.
It leads to the disallowance of the expense on which TDS has not been dedcuted as governed by Sec 40(a)(i)
For delay, you have to pay interest @12%p.a.
Rgds/
Vineet
Non-despoit of TDS does not attract penalty.
It leads to the disallowance of the expense on which TDS has not been dedcuted as governed by Sec 40(a)(i)
For delay, you have to pay interest @12%p.a.
Rgds/
Vineet
24 May 2008
Raju,
Non Deposit of TDS may attract the penalty in addition to dissalowance of of expense under Section 40(a)(i). as both are separate matter but T.D.S. with interest should be paid as soon as possible.
Non Deposit of TDS may attract the penalty in addition to dissalowance of of expense under Section 40(a)(i). as both are separate matter but T.D.S. with interest should be paid as soon as possible.
24 May 2008
I think there is no disallowance u/s 40(a)(i) of salary paid to resident. Sec.40(a)(i) is for salary paid to non-residents.
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- ITDS U/S.194T of Firm
- GST not cancelled by tenant
- Non-Compliance documents have not been submitted by the contractors debited
- Capital gain on sale and purchase of plot
- Filling ITR - U
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
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
