Penalty & interest- tds

TDS 534 views 2 replies

If a company made a payment of Rs. 100000 on 3/10/2012 without deducting TDS, but deducts TDS in september say 12/09/2013 and pays before 7/10/2013. Then what will be the Penalty and Interest amount payable?

Am I supposed to pay only Penalty or Both Penalty and Interest?

Replies (2)
Frist clear which type of company ?? Payment is eligible for tds means payment for what ??

Its a Pvt. Ltd. Company, TDS is on payment to contractor.


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