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tds penalties
is that TDS penalty 1.5% is applicable to all the sections under TDS or is there any classification?
Replies (2)
yes it is applicable in all sections
| SECTION OF DEFAULT | NATURE OF DEFAULT | INTEREST SUBJECT TO TDS AMOUNT | INTEREST PAYMENT PERIOD |
|---|---|---|---|
| 201A | Non-Deduction of TDS, either in whole or part | 1% per month | From the date on which tax was deductible to the date of actual deduction |
| 201A | Non-payment of TDS (after deduction), either in whole or part | 1.5% per month | From the date of deduction to the day of TDS payment |
Applicable on All TDS Amount All Sections
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