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Late deposit of TDS

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Interest on late deposit of TDS – 3 % for delay of one day

TDSMAN12 years ago3 years ago441 mins

Interest on late deposit of TDS is applicable @ 1.5 % per month or part thereof. The period for delay is taken from date of deduction to date of deposit. So, in specific cases a delay of one day may lead to pay interest @ 3 % .  Suppose: TDS deducted on 01.08.13.  In this…

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  • Income Tax
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Penalty on Non deduction, late deduction and late deposit of TDS

TDSMAN12 years ago3 years ago309 mins

Non deduction, late deduction and late deposit of TDS may lead you to face following consequences: Interest on late deduction /deposit of Tax at source. Dis-allowance of Expenses, on which tax has not been deducted /deposited u/s 40(a)(ia)              Penalty and prosecution.(271C and 276B) I. Interest on late deduction and delayed deposit of…

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Categories

software-released-banner-2024-25-no-offer-050224
tds-tcs-rate-chart
tm-show-video-yt
tdsman-banner-free-trial
enterprisetds-banner

Calendar

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Feb    
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