Tds
This query is : Resolved
19 July 2012
Is there any legal consequence if tds not deducted in first quater on payment basis but said tds deducted in second quater when bill raised by contractor. so any fine or penalty is there if tds deducted and paid in second quater which was otherwise require to deducted in first quater.
19 July 2012
Yes. You will have to pay interest on late deduction of TDS @1% p.m.
19 July 2012
i agree with sanjay
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