Hello everyone,
I would like to know in detail,if TDS of particualr section is not paid before 7th of evry month??what interest or penalty one has to pay,along with the payments to b done after 7th?
Please guide..
Thanks in advance
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TDS Payments
Replies (5)
Interest from 01.07.2010
.
> For late deduction of Tax deduction at source-(period: date from tax deductible to date of actual deduction ) (rate 1 % per month or part thereof)
.
> For late deposit of TDS after deduction (period: date from tax deducted and date of actual deposit) (rate 1.5 % per month or part thereof)
| Originally posted by : Deepak Gupta | ||
 |
Interest from 01.07.2010 . > For late deduction of Tax deduction at source-(period: date from tax deductible to date of actual deduction ) (rate 1 % per month or part thereof) . > For late deposit of TDS after deduction (period: date from tax deducted and date of actual deposit) (rate 1.5 % per month or part thereof) |
 |
i m also agree wid deepak
| Originally posted by : Deepak Gupta | ||
|
|
Interest from 01.07.2010 . > For late deduction of Tax deduction at source-(period: date from tax deductible to date of actual deduction ) (rate 1 % per month or part thereof) . > For late deposit of TDS after deduction (period: date from tax deducted and date of actual deposit) (rate 1.5 % per month or part thereof) |
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Well explain thanks for sharing
Thanks frnds...:)..Thank u for clearing out my doubts.:)
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