09 April 2009
If tds is not deposited as per dates specified in sec200(1) the amount on which tds has been deducted will be disallowed u/s 40(a)(ia) & will be allowed in the financial yaear in which it will be deposited.
Interest for delay in depositing the TDS and also Penalty is leviable. In addition penalty for delayed submission of TDS return as well as dealy in issuance of TDS certificate is also attracted.
09 April 2009
Last date for submission of TDS return will be 15-June for Qtr end 31-03-2009. Delay in filling the return will attract the penalty of Rs. 100 per day.