shiva (article) (46 Points)
08 June 2017Hello everyone !!
What will be the penalty/consequenses for short deduction of TDS u/s192B?
Will employer be penalised if employee paid all tax dues (including short deduction) and filed his return before 30.09.2017.
What is the easiest way to get rid out of it?
and i have already received notice for short deduction.
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 08 June 2017
E V RAMA KRISHNA
(CHARTERED ACCOUNTANT)
(361 Points)
Replied 09 June 2017
FOR SHORT DEDUCTION RATE OF INTEREST IS 1% PM OR PART THEREOF.
FOR LATE PAYMENT RATE OF INTEREST IS 1.5% PM OR PART THEREOF
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 09 June 2017
shiva
(article)
(46 Points)
Replied 13 June 2017
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 13 June 2017
you have to make the payment of short deduction because the demand will be not removed by traces untill you paid the amount.
If employee paid his tax then there is no link with you as because your demand notice in traces will be remainng untill you(employer) paid....
You shall be removed the demand from traces.
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