TDS

This query is : Resolved 

02 November 2010 PLS. TELL ME THE PENALTY OF LATE DEPOSIT OT TDS RETURN AND INTEREST ON LATE DEPOSIT TDS
AND WHAT PERSON UNDER THE DEDUCTION OF TDS UNDER SALARY

02 November 2010 interset on late deposit of TDS---
Upto 30.06.2010 1% per month or for part thereoff, from 01.07.2010 the rate is increased to 1.5%. Apart from this penalty u/s 221 may be imposed to the maximum of tax amount involved.

Penalty of Rs 100 per day (subject to maximum of TDS amount) for delay in filing of TDS return.

02 November 2010 Agree




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