Tds penalty

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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?

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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