banner_ad

What is penalty for tds is not deduct ?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
06 August 2012 Dear Experts

please i want info about

What is Penalty for TDS is not deduct.
to party (for 194 C)

pls give me suggetion
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
06 August 2012 Penalty is leviable U/s 271C equivalent to the amount of TDS not deducted. Moreever, the expense is likely to be disallowed as per Section 40(ia) which may result into additional tax liability.
.
Suggestion:

Deduct TDS and deposit the TDS amount with interest.
Profile Image

CA PRAVEEN SINGH

Profile Image

CA PRAVEEN SINGH (Expert)
21 August 2012 YES AGREE WITH ABOVE EXPERT...

IF TDS DEDUCTED & NOT DEPOSIT TIMELY..
IT IS TO BE DEPOSITED WITH INTEREST...1.5% PER MONTH.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details