What is the penalty for not deducting TDS. A total freelance payment adding up to 6 lak has been made to different persons in a financial year and TDS has not been deducted, how much interest is payable ? How is it calculated?
Menu
Penalty for not deducting tds
Replies (1)
interest for non deduction: 1 % p,m (interest for due date of deduction to the date of actual payment)
if interest is not paid interest calculated @ 1.5 % p.m from the due date to the actual date of payment
here part of a month considered as full month.
Recent Topic
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
Related Topics
CAclubindia
