10 July 2014
BANK HAS NOT DEDUCTED TAX OF 40000RS BY 31 MARCH 2014, HOW MUCH TAX IS TO BE PAID BY ASSESSEE, IS THERE ANY INTEREST AND PENALTY ? WHAT IS DUE DATE FOR DEPOSITION OF TAX FOR A.Y 2014-2015? IS IT 31 JULY 2014
10 July 2014
You are not liable for Interest and penalty but bank is liable. For individual, due date for filling return is 31st July 2014. Before filling of Return, you have to pay tax @ 10% on Rs.40,000.00
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