Interest on tds delay payment
This query is : Resolved
17 February 2013
sir,
we has deducted tds on advertising business which is not applicable for us
now we deducted tds and payment also made but delay.
then my question is whether interest is applicable or not ?
we has deducted tds on advertising business which is not applicable for us
now we deducted tds and payment also made but delay.
then my question is whether interest is applicable or not ?
17 February 2013
Interest will be deducted since you deducted TDS and deposited it late. After deduction its deductors liability to deposit the amount within due date.
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