Dear Experts,
Is it possible due to non deduction of TDS the Interest on TDS amount exceed the actual amount of TDS ?
Is there any limit of Interest ?
Menu
Interest for non deduction of TDS
Replies (5)
Quick Summary
Since interest for non deduction is applicable @ 1% pm or part thereof, when interest is due for 100 months (>8 years), it would equal the TDS I think.
Thank you Mam,
If TDS liability is 100 & Interest on TDS liability is 150 ... , Then which amount we have to pay as Interest 150 or what ?
I want to know that Interest on TDS amount can exceed then TDS liability or not ?
I think interest of ₹150 has to be paid in this case because there is no cap on interest unlike late fee.
Further, if the deductee has filed IT return considering such income, then interest shall be paid by the deductor from the date of deduction to the date of filing of such return by the deductee. A certificate from deductee is required in this case.
Thank you so much Madam....
There is no capping on interest
Recent Topics :
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Generate E-Way Bill for 4 Nos. Suppliers Involveme
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
Related Topics :
CAclubindia
