Tds related query
This query is : Resolved
Guest
Guest
(Querist)
26 June 2013
if employer not deducted TDS as well as not deposited but the same has been deposited by the employee within 31st of July , then in this situation, what will be the cosequences? Is, employer has to pay the TDS with interest or only interest amount
26 June 2013
The employer can be treated as an assessee in default as he has failed in discharging his TDS obligation.
.
However, w e f 1-7-2012, the situation has changed. In the changed scenario , the employer is liable to pay interest only.
.
Interest is payable on the amount of TDS, from the date when TDS was deductible to the date when return is filed by the employee.
.
.
However, w e f 1-7-2012, the situation has changed. In the changed scenario , the employer is liable to pay interest only.
.
Interest is payable on the amount of TDS, from the date when TDS was deductible to the date when return is filed by the employee.
.
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