TDS Penalty Provision (urgent)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2010 Can anybody tell me what are the late filling provsions of TDS return... what is the penalty amount and what is the Interst rate that has to be charged for late depositing of TDS amount..

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

26 June 2010 For late filing of TDS return penalty of Rs. 100/- per day is leviable.

If TDS has been deducted and not paid then interest payable @ 1.5% p. m. and if TDS dedcuted now and being paid now then interest payable @ 1% p. m.

Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2010 Actually Rs.100/- per day is leviable from which date... I mean to say jst last date for q1 is 15th july ..... then from 15th july it has to be levied

Upgrade to CAclubindia Pro. Subscribe Now!

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

26 June 2010 yes from 15th July

Message likes : 1 times