C.A. M.Com. Suhas A. Nagpure (CA) (1175 Points)
05 November 2009Dear all,
Can any 1 tel me what is the rate for late payment of TDS & it's working?
thanks in advance....
CA Trinath Galla
(student)
(3130 Points)
Replied 05 November 2009
1% for every month of delay or part thereof
C.A. M.Com. Suhas A. Nagpure
(CA)
(1175 Points)
Replied 05 November 2009
Thanks.....
What in case i had not filled Q1 & Q2 return? any penalty?
CA Trinath Galla
(student)
(3130 Points)
Replied 05 November 2009
think there is no interest for late filing of tds returns if tds has been remitted in time..
am not sure,,
oders pls specify...
CA Trinath Galla
(student)
(3130 Points)
Replied 05 November 2009
i think some penalty may be levied if tds returns are filed in late...
mukesh kumar
(ACCOUNTS EXECUTIVE)
(28 Points)
Replied 06 November 2009
Penalty may be charged it is only depend on tax officer action only, he may charged or not depends on him only as he found.
CA Rahul Agrawal
(C.A )
(59 Points)
Replied 06 November 2009
there is no penalty on late filling of q1,q2,q3 return but penalty in late filling of q4 return as it time bound by 31st march of relevant year
Indudhar
(Tax Advocate)
(427 Points)
Replied 27 November 2009
Is it compulsory to file NIL TDS quarterly returns?
What is the penalty for it
SANTHOSH V
(student)
(32 Points)
Replied 30 November 2009
Dear All,
What's Q1,Q2. return....... pls explain
Thanks®ards,
santhosh V
Harshal
(Article Assistant )
(182 Points)
Replied 30 November 2009
Dear Santosh...
Q1, Q2 are TDS returns...
Every person who deducts TDS has to file quarterly returns...Q stands for quarter and 1,2, stands for the respective quarter....
In dat return basically is the info of deduction of the tax and the amount paid to i tax dept....
dis TDS return is filled at NSDL
Malisetti Nagaraju
(Asst Manager)
(21 Points)
Replied 09 March 2010
I required the details of Interest on TDS, I required the format in Excel Format
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