Related to tds

This query is : Resolved

Amogha k Gowda (Querist)
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23 June 2014 Dear Sir

My brother had a Private Limited Company.He is Paying Rent to his landlord after deducting TDS from September 2013 to till date.But he is not remitted to government. and also he has not filled the return.. Now the owner is asking TDS Certificate. what is procedure for interest and penalty for both payment as well as for Return

Thank you

CA.Sourabh Sethia

CA.Sourabh Sethia (Expert)
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23 June 2014 Interest @ 1.5% is required from the date of deduction till the date of payment

Returns are to be filed for 3 Qtr's (July - Sept, Oct-Dec & Jan-Mar)

Penalty will be imposed @ rs.200 per day till the default continues (but since the same is in court so pending)

As CA I can help you in Payment Calculation & filing of TDS returns with my appropriate fees
contact: Sourabhj23@gmail.com