05 April 2018
TDS on rent to be deducted u/s194I 10% , TDS to be deducted either Provision or Payment whichever is early , TDs to be deducted from Aug Month , TDS to be paid on subsequent 7th of Next month , if he fails to pay TDS after due date interest to be worked from the deduction month till payment 1.5% till such delay . quarterly return to be filed end of subsequent quarter if delay in filing TDS return section 234E, where a person fails to file the TDS/TCS return on or before the due date prescribed in this regard, then he shall be liable to pay, by way of late feeu/s 234E, a sum of Rs.200 for every day during which the failure continues. The amount of late fees shall not exceed the amount of TDS.