Some individual HUF gave a loan to a business company. The company is decided to give a interest for that for the f.y. 2014-15 as provisional entry and TDS also deducted on interest @ 10%. Since it is only a provisional entry on 31.03.2015 the TDS amount was not paid and it will be paid this month only. My question is
1. What is the interest rate on late remittance of TDS & penalty for late filing of eTDS return after remitting the same?
2. The individual HUF is not filed the IT return for the year 2014-15 and it is also in November 2015 only. Whether this provisional entry is allowed or not.
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