Hi Team,
I have query.
In one of my client we have deducted TDS on salary from April onwards but we received our TAN in September. Please advise on the interest and penalties because of this default.
Regards,
Himanshu Nagpal
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Interest and penealty on tds deducted but not deposited
Replies (1)
Interest at 1.5% p.m or part of the month starting from the next day of due date upto the date of Payment will have to be paid.
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