When TDS is deducted by any Government organisation (here, Nagar Nigam), but it is not deposited by 7th of the next month. Then in such a case is government organisation liable to pay interest on it @ 1.5% ?.
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Interest on tds on government organisation
Replies (5)
Plz reply... Its urgent
Interest is applicable whether it is Goverment Organisation or it is Private.
But when we asked them to pay interest, they denied..
They will surely get a Notice u/s 200a for the late payment of tds
Ok...thanks a lot
Regards
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