Tds not deposited
This query is : Resolved
27 April 2012
We had deducted TDS from party in Aug-2008 and it was not deposited till date. what to do in this matter.
CA Prashant Gupta
(Expert)
27 April 2012
You can deposit now with interest @ 1% p.m. or part there of. accordingly revise your TDS return.
Mihir Doshi
(Expert)
27 April 2012
1% or 1.5% interest p.m.
CA Prashant Gupta
(Expert)
27 April 2012
(i) at one per cent for every month or part of a month on the amount of such tax from the date on which such tax was deductible to the date on which such tax is deducted; and
(ii) at one and one-half per cent for every month or part of a month on the amount of such tax from the date on which such tax was deducted to the date on which such tax is actually paid,
Its 1.5% p.m. for the case.
Thanx mihir.
(ii) at one and one-half per cent for every month or part of a month on the amount of such tax from the date on which such tax was deducted to the date on which such tax is actually paid,
Its 1.5% p.m. for the case.
Thanx mihir.
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