Penalty for non payment of tds

if expense is of previous year book expense 

and deduct tds

tds late payment interest is charble on it

and if tds return is file late penality is 200/- per day 

if tds not paid expense is disallowed 

and that much amount add to the profit of company

so pay tds as early as possible 

if you have paid to party then TDS should be deducted & paid to Govt.

Also if file your return late/after due date then interest @ 1.5% per month & penalty @ 200 per day will be deposited with TDS amount.

If the professional services are pertaining to FY 2016-17 and going to recognise the same as expenses by charging to P&L, then TDS should be deducted even if the invoice was not received and payment was not made.

For such, the TDS should be deducted latest by March 2017, TDS payment to Govt. to be made by 30th April, 2017 and TDS returns to be filed by 31st May, 2017.

If the TDS was not paid with in the Duedate i.e.30-04-2017, then interest on such TDS amount to be paid for late payment of TDS.