TDS penalty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 February 2011
Dear sirs,
We want to know what is rate of penalty applicable for TDS delayed (payment after 7th) total TDS amount is near 13 Lacs
We want to know what is rate of penalty applicable for TDS delayed (payment after 7th) total TDS amount is near 13 Lacs
chetan soni
(Expert)
08 February 2011
The interest on delayed payment of tds is 1% per month or part thereof.
08 February 2011
W.e.f 1/7/10, rate of interest on late payment of TDS is 1.5 % per month or part thereof, to be calculated from the date of TDS deduction.
08 February 2011
https://www.caclubindia.com/articles/all-you-want-to-know-about-tds-7882.asp
For details see above article.
For details see above article.
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