Tds penalty
This query is : Resolved
20 May 2013
sir my question is that suppose a person has not deducted tds on contract and now he want to file the return duly i want to klnow about the pealty what would be the maximum penalty for tds though assesee is ready to pay the interest duly?
CMA Ramesh Krishnan
(Expert)
23 June 2013
Penalty will be the undeducted TDS amount, and interest rate will be 1% per month or part of the month from the date of TDS deductible
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