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.
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