All the major sections of TDS and interest on TDS at 1% & 1.5%

Inttt for late payment is 1.5% p.m.

Originally posted by : CA. ANKUR JAIN
	Inttt for late payment is 1.5% p.m.

I know it brother but I have specifically mentioned that 1% is only applicable if the deductors has failed to deduct the tax.

You can select yes or no from the drop down list.

Originally posted by : CA. ANKUR JAIN Inttt for late payment is 1.5% p.m. The liability to pay interest @ 1% arises only when the person who is liable to deduct on particular payment under relevant section but does not pay when the payment realised but deducts tax after the libility arises. And it is to be paid on the amount of TDS from the period it was deductible to the date on which actually deduction was made.

Originally posted by : CA. ANKUR JAIN
	Inttt for late payment is 1.5% p.m.

The liability to pay interest @ 1% arises only when the person who is liable to deduct on particular payment under relevant section but does not pay when the payment realised but deducts tax after the libility arises. And it is to be paid on the amount of TDS from the period it was deductible to the date on which actually deduction was made.

 

 

Originally posted by : CA. ANKUR JAIN
	Inttt for late payment is 1.5% p.m.

The liability to pay interest @ 1% arises only when the person who is liable to deduct on particular payment under relevant section but does not pay when the payment realised but deducts tax after the libility arises. And it is to be paid on the amount of TDS from the period it was deductible to the date on which actually deduction was made.